RBI Approves IndusInd Bank to Launch Mutual Fund Asset Management Business.

Banking & Finance

The Reserve Bank of India (RBI) has granted approval to IndusInd Bank to establish a mutual fund asset management business. This move marks a significant expansion for the bank, allowing it to diversify its financial services and offer investment solutions to its clients. The new venture will enable IndusInd Bank to manage and operate mutual fund schemes, providing investors with a range of options for wealth accumulation and financial planning. The approval is expected to enhance the bank's market presence and contribute to its growth strategy in the competitive financial sector.


      IndusInd Bank aims to strengthen its portfolio with the introduction of innovative mutual fund schemes.

      The new asset management business is expected to attract a diverse range of investors.

     

 

     


About IndusInd Bank,

CEO: Sumant Kathpalia
Headquarter : Mumbai
          ____________________________