IndusInd Bank will take 6–9 months for AMC biz to operationalize: CEO Sumant Kathpalia

Sumant Kathpalia

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26 Aug, 2025 12:21

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IndusInd Bank may set up its asset management operations by end of FY25 or early FY26. In a call with media, Sumant Kathpalia, MD & CEO of the bank said that the bank may take 6–9 months to operationalize its AMC arm.

To put things in context, IndusInd Bank had sought regulatory approvals to commence asset management business. On August 19, the Reserve Bank of India gave its nod to commence this business.

While Kathpalia did not reveal further information, the expansion into AMC business is in line with the bank’s strategy to explore para-banking opportunities in the financial services segment.

ALSO READ: IndusInd Bank Q2 net profit falls 40% on-year to Rs 1,331 crore, hit by provisions, finance costs; misses expectations

Earlier this year, Ashok Hinduja-led IndusInd International Holdings Limited acquired 60 percent stake in Invesco Asset Management India. At the time of the deal, the Indian unit of the US asset management company has an AUM of Rs 83,600 crore and was the 17th-largest fund house and fifth largest foreign AMC to operate in India.

IndusInd International Holdings Limited is one of the promoter entities of IndusInd Bank holding 12.46 percent stake in the bank.