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IndusInd Bank enters exclusive talks to buy microlender Bharat Financial

A Credit Suisse note said Bharat Financial was one of the best-capitalised microfinance players

Reuters  |  Mumbai 

IndusInd Bank Ltd has entered into exclusive talks to acquire microlender Bharat Financial Inclusion Ltd, in a deal that will help the private sector bank to expand its consumer business. IndusInd and Bharat Financial have entered into exclusive talks for a potential strategic combination, both sides said in separate statements on Monday, without providing details on what a potential deal would look like or how long they would pursue the talks. The two financial firms had long been speculated to be interested in a deal, with analysts saying previously it could come in the form of ...

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First Published: Mon, September 11 2017. 12:37 IST