IndusInd Bank plans to foray into MF, insurance, stock-broking segments

The bank has partnered with Tata AIA for life insurance, Cholamandalam MS for general insurance

IndusInd Bank plans to enter para-banking segments such as insurance, asset management and stockbroking.

“We have a massive client base that is using these products. If you want total and complete client centricity, you need to give the full range of products. We believe that we now have the domain knowledge to manufacture these products. If there is regulatory blessing, we are definitely very interested,” said Romesh Sobti, managing director and chief executive officer.

The expansion would allow the bank to cash in on the huge amount of business that it is generating for partners. The bank plans