IndusInd International Holdings aims to establish a banking, financial services, and insurance portfolio worth $50 billion by 2030 through investments in IndusInd Bank and new businesses under Reliance Capital. IIHL has completed regulatory formalities to increase stake in the bank to 26% from 15%.
MUMBAI: The head of consumer banking (India) at Standard Chartered Bank, Kusal Roy, has tendered his resignation and is expected to join Jio Financial.
The 50:50 joint venture with Jio Financial Services marks BlackRock s return to the Indian market after it exited in 2018. Each partner plans an initial investment of $150 million