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flag IndusInd Bank's parent company completes acquiring Bahamas' Sterling Bank, rebranding it as IIHL Bank & Trust, as part of a global expansion plan.

flag IndusInd International Holdings Ltd, promoter of India’s IndusInd Bank, has completed acquiring 100% of Bahamas-based Sterling Bank, rebranding it as IIHL Bank & Trust Limited. flag The move follows a prior 51% purchase in September 2022 and is part of a broader strategy to expand globally, enhance digital financial services, and achieve a $50 billion market capitalization by 2030. flag The transaction, pending final regulatory approvals by late October 2025, includes recent domestic acquisitions in India such as full ownership of Reliance Capital and a 60% stake in Invesco’s India asset management business.

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