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04-Apr2018

IndusInd Bank gets RBI's nod for proposed acquisition of ISSL

IndusInd Bank has received the Reserve Bank of India's (RBI) approval for proposed acquisition of 100 percent stake in IL&FS Securities Services (ISSL).

In March, the bank had entered into an agreement with Infrastructure Leasing and Financial Services, the promoter shareholder of ISSL to acquire 100 percent of ISSL.

IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. As on June 30, 2017, IndusInd Bank has 1210 branches, and 2090 ATMs spread across 687 geographical locations of the country.


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