Indusind Bank Ltd RBI approves stock-broking subsidiary

$INDUSINDBK IndusInd Bank has received regulatory approval to set up a wholly owned stock-broking arm, subject to applicable conditions. The move would allow the bank to expand its capital-markets and investment-services offering. The RBI has approved the appointment of Ganesh Sankaran and Jagdeep Already as executive directors for three-year terms from August 4, 2026 to August 3, 2029.