Bandhan Bank Gruh Finance Merger

In terms of the guidelines of the licensing of new private lenders issued by RBI, BFHL was required to bring its excess shareholding to 40% of the paid-up voting capital of the bank

Bandhan Bank announced the opening of 106 additional home loan distribution points

Last week, Kolkata and Ahmedabad benches of National Company Law Tribunal (NCLT) approved the merger of Gruh Finance and Bandhan Bank

Currently the stock is trading 18 per cent lower than its average one-year forward valuation, while return ratios are likely to remain strong

Gross NPAs as on June 30, 2019 stood at 2.02 per cent against 2.04 per cent as on March 31, 2019 while Net NPAs stood at 0.56 per cent against 0.58 per cent in the previous quarter.

Bandhan Bank on Monday agreed to acquire housing finance firm Gruh Finance through a share swap deal