BANKING & FINANCE
Capital Markets
IndusInd Bank Secures RBI Approval to Launch Wholly-Owned Stock Broking Subsidiary
The Reserve Bank of India (RBI) has cleared IndusInd Bank's proposal to create a wholly-owned stock broking subsidiary.
The new entity will offer services like stock trading, demat services, underwriting IPO applications, and securities distribution.
Brokerage fees and regulatory commissions will generate fresh non-interest income streams for the bank.
Strategic Impact: This entry enables IndusInd Bank to diversify revenue streams into wealth management and retail equities.
The new entity will offer services like stock trading, demat services, underwriting IPO applications, and securities distribution.
Brokerage fees and regulatory commissions will generate fresh non-interest income streams for the bank.
Strategic Impact: This entry enables IndusInd Bank to diversify revenue streams into wealth management and retail equities.
Key Facts / Static GK
IndusInd Bank Founded: April 1994
IndusInd Bank Headquarters: Mumbai, Maharashtra
Managing Director & CEO: Rajiv Anand
IndusInd Bank Headquarters: Mumbai, Maharashtra
Managing Director & CEO: Rajiv Anand
Practice Quiz — 8 August 2026
Q1. Who has recently assumed charge as the Acting Central Vigilance Commissioner (CVC) of India?
Answer: (A) Praveen Kumar Srivastava — A.S. Rajeev took charge as the Acting Central Vigilance Commissioner, succeeding Praveen Kumar Srivastava whose tenure ended.
Q2. India's first Rail-Tech Park is set to be established in which state?
Answer: (C) Odisha — Odisha is establishing India's first Rail-Tech Park at Sahaspur Industrial Estate in Khordha district, developed by IDCO.
Q3. In which year will India host the first Global South Film Festival?
Answer: (C) 2027 — India announced during the BRICS WAVES Bazaar in Mumbai that it will host the first Global South Film Festival in 2027.
Q4. What is the net profit reported by State Bank of India (SBI) for Q1 Financial Year 2026-27?
Answer: (C) ₹21,121 crore — SBI reported its highest-ever quarterly net profit of ₹21,121 crore in Q1 FY27, up 10% YoY from ₹19,160 crore.
Q5. Which private sector bank recently obtained RBI approval to set up a wholly-owned stock broking subsidiary?
Answer: (C) IndusInd Bank — IndusInd Bank has received approval from the RBI to establish a wholly owned subsidiary to conduct stock broking operations.
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