New Delhi, Aug. 8 -- IndusInd Bank has received approval from the Reserve Bank of India (RBI) to establish a wholly owned subsidiary to undertake stock broking business, the private sector lender said in an exchange filing late Friday.

The approval, dated August 7, 2026, also permits the bank to infuse equity capital into the proposed stock broking subsidiary. The RBI approval is subject to additional conditions specified in its letter to the bank.

The development marks a step towards expanding IndusInd Bank's presence in capital market-related financial services and enabling it to offer stock broking services through a dedicated subsidiary.

According to the bank's disclosure under Regulation 30 of the Securities and Exchange Board of ...