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<xbrli:xbrl xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2026-03-31/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/Schedule_Of_Analysts_Or_Institutional_Investors_Meeting/2026-03-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.sebi.gov.in/xbrl/Schedule_Of_Analysts_Or_Institutional_Investors_Meeting/2026-03-31/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-types="http://www.sebi.gov.in/xbrl/2026-03-31/in-capmkt-types" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.xbrl.org/2003/XLink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2026-03-31.xsd"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">532187</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-13</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">532187</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-13</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:OutcomeOfAnalystsOrInstitutionalInvestorsMeetingAxis"><in-capmkt:OutcomeOfAnalystsOrInstitutionalInvestorsMeetingDomain>OutcomeOfAnalystsOrInstitutionalInvestorsMeetingDomain1</in-capmkt:OutcomeOfAnalystsOrInstitutionalInvestorsMeetingDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><in-capmkt:NSESymbol contextRef="MainI">INDUSINDBK</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">INDUSIND BANK LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">532187</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE095A01012</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncement contextRef="MainI">New</in-capmkt:TypeOfAnnouncement><in-capmkt:PurposeOfDisclosure contextRef="MainI">Schedule of Analysts or Institutional Investors Meet</in-capmkt:PurposeOfDisclosure><in-capmkt:StageOfMeetingOrCallOrConferenceOrEvent contextRef="MainI">Outcome</in-capmkt:StageOfMeetingOrCallOrConferenceOrEvent><in-capmkt:DateOfReport contextRef="MainI">2026-08-13</in-capmkt:DateOfReport><in-capmkt:TypeOfMeetingForWhichOutcomeIsProvided contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting1">Institutional Investor Meet</in-capmkt:TypeOfMeetingForWhichOutcomeIsProvided><in-capmkt:WhetherPriorIntimationOrScheduleOfMeetingOrCallOrConferenceOrEventWasDisclosedForOutcome contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting1">true</in-capmkt:WhetherPriorIntimationOrScheduleOfMeetingOrCallOrConferenceOrEventWasDisclosedForOutcome><in-capmkt:DateOfPriorIntimationOrScheduleOfMeetingOrCallOrConferenceOrEventWasDisclosedForOutcome contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting1">2026-08-12</in-capmkt:DateOfPriorIntimationOrScheduleOfMeetingOrCallOrConferenceOrEventWasDisclosedForOutcome><in-capmkt:WhetherUnpublishedPriceSensitiveInformationSharedInMeetingOrCallOrConferenceOrEvent contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting1">false</in-capmkt:WhetherUnpublishedPriceSensitiveInformationSharedInMeetingOrCallOrConferenceOrEvent><in-capmkt:WhetherOutcomeOfMeetingIncludesPresentation contextRef="I_OutcomeOfAnalystsOrInstitutionalInvestorsMeeting1">true</in-capmkt:WhetherOutcomeOfMeetingIncludesPresentation><in-capmkt:RemarksForWebsiteDisseminationForOutcomeOfMeeting contextRef="MainI">Details of analysts/Institutional Investors meet &lt;br /&gt; 
 &lt;br /&gt; 
Name of Event: Emkay Confluence 2026 &lt;br /&gt; 
 &lt;br /&gt; 
Event Type: one on one and Group meet &lt;br /&gt; 
 &lt;br /&gt; 
Mode: Physical &lt;br /&gt; 
 &lt;br /&gt; 
1 LIC Mutual Fund Asset Management Company Ltd. &lt;br /&gt; 
2 Mahindra Manulife Investment Management Private Limited &lt;br /&gt; 
3 White Oak Capital Management Consultants Llp &lt;br /&gt; 
4 Millennium Management LLC &lt;br /&gt; 
5 Pinpoint Asset Management Limited &lt;br /&gt; 
6 Carnelian Capital &lt;br /&gt; 
7 ITI Asset Management Limited &lt;br /&gt; 
8 Universal Sompo General Insurance Company Ltd &lt;br /&gt; 
9 Bowhead Investment Advisors &lt;br /&gt; 
10 UTI Pension Funds &lt;br /&gt; 
11 SBI Pension Funds Private Limited &lt;br /&gt; 
12 Sohum Asset Managers Pvt Ltd &lt;br /&gt; 
13 IKIGAI Asset Manager Holdings Private Limited &lt;br /&gt; 
14 Banyan Capital Advisors LLP &lt;br /&gt; 
15 MoneyGrow Asset Private Limited &lt;br /&gt; 
16 Edelweiss Asset Management Ltd. &lt;br /&gt; 
17 Bandhan Asset Management Company Limited &lt;br /&gt; 
18 Karma Capital Advisors Pvt Ltd. &lt;br /&gt; 
19 Axis Max Life Insurance Limited &lt;br /&gt; 
20 PNB MetLife India Insurance Co., Ltd. &lt;br /&gt; 
21 Invesco Asset Management (India) Private Limited &lt;br /&gt; 
22 Motilal Oswal Asset Management Company Ltd. &lt;br /&gt; 
23 Subhkam Ventures (I) Private Limited &lt;br /&gt; 
24 Sundaram Asset Management Company Ltd &lt;br /&gt; 
25 Tara Emerging Asia Liquid Fund US L.P. &lt;br /&gt; 
26 Pinpoint Asset Management Limited &lt;br /&gt; 
27 Astralit Investments &lt;br /&gt; 
28 Knight Stone Capital &lt;br /&gt; 
29 Herocorp &lt;br /&gt; 
30 IMC Trading &lt;br /&gt; 
31 Shanghvi Family Office &lt;br /&gt; 
32 Canara Robeco Asset Management Company Ltd.</in-capmkt:RemarksForWebsiteDisseminationForOutcomeOfMeeting></xbrli:xbrl>
