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Bandhan Bank to acquire Gruh Finance through share swap: Report

07 Jan 2019 Evaluate

Bandhan Bank is reportedly set to acquire mortgage lender Gruh Finance through a share swap, a move aimed at cutting the bank’s promoter holding and expanding its housing finance portfolio.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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