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 ...
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