IndusInd Bank gets RBI’s nod for setting up wholly owned subsidiary

20 Aug 2024 Evaluate

IndusInd Bank has received approval from Reserve Bank of India (RBI) for setting up a wholly owned subsidiary to undertake asset management business of Mutual Fund along with infusing equity capital in the said asset management subsidiary, subject to the additional conditions as set out in the said letter. 

In Q1FY25, the bank had reported 2.18% rise in consolidated net profit at Rs 2170.79 crore as compared to Rs 2124.50 crore for the same quarter in the previous year.

IndusInd Bank is one of the fastest-growing banks in the banking sector in India.

Indusind Bank Share Price

930.00 -34.05 (-3.53%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 1772.05
ICICI Bank 1285.70
Axis Bank 1072.10
Kotak Mahindra Bank 1743.55
Indusind Bank 930.00
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.