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IndusInd Bank picks up 2.58% stake in Satin Creditcare Network

01 Jul 2019 Evaluate

IndusInd Bank has picked up a 2.58% stake in Satin Creditcare Network, by converting debentures which the private lender had subscribed earlier. The stake buys in Satin, which was first announced in 2017, comes days ahead of the merger of Bharat Financial Inclusion with IndusInd Bank on July 4.

IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.

Peers
Company Name CMP
HDFC Bank 718.65
ICICI Bank 1356.00
Axis Bank 1236.45
Kotak Mahindra Bank 413.00
Indusind Bank 963.80
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