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IndusInd Bank to hire investment bankers

Lender is seeking to boost its fee income

Gulf News

Mumbai: IndusInd Bank Ltd., India’s best performing bank stock in the last four years, is considering acquiring loans and plans to add private equity advisers as it seeks to boost its fee income. The lender, which gets about a third of its income from businesses such as debt syndication and insurance sales, plans to hire 10 people at its investment banking division by March 31, CEO Romesh Sobti said.