IndusInd bank shares up 2.6 pc, lender received RBI approval for AUM business for mutual funds

New Delhi [India], August 20 (ANI): The shares of IndusInd bank surged more than 2.67 per cent after the bank received approval from the Reserve Bank of India (RBI) to establish a wholly-owned subsidiary for undertaking the asset management business of Mutual Funds, the bank informed the exchange in a filing.

The approval was communicated to the bank via a letter dated August 19, 2024. It also marks a significant step in