Gruh Finance

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

When the private lender started operations in August 2016, microcredit constituted 85 per cent of its total loan portfolio

The mortgage lender received fair value gain of Rs 9,020 crore from derecognition of investment in Gruh Finance

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

The share swap ratio for the amalgamation was fixed at 568 shares of Bandhan Bank for every 1,000 shares of Gruh Finance.

One estimate shows the MSCI inclusion could lead to ETF buying of nearly Rs 1,280 crore in Bandhan Bank.

The rollback of surcharge hike on FPIs has boosted share prices of a number of Nifty 100 companies

HDFC offloaded 64.7 million equity shares representing 8.8 per cent of total equity of GRUH Finance for worth of Rs 1,599 crore at an average price of Rs 247 per share, the NSE data shows.

Lender bets on MSME sector as well, starts co-branded credit card with Stan Chart

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Gruh Finance's parent company HDFC has received RBI approval to hold 9.9 per cent in the merged entity from the earlier proposed 14.9 per cent

The company had announced a 1:1 bonus i.e. one new bonus equity share of Rs 2 each for every one existing equity share of Rs 2 each for its shareholders.

The stock hit a record high of Rs 736, up 5% on the BSE in intra-day trade today, will turn ex-bonus in the ratio of 1:1 on Wednesday, June 6, 2018

The stock rallied 6% to Rs 652 on the BSE in intra-day trade after the board recommended the issue of bonus shares in the ratio of 1:1 and dividend of Rs 3.3 per equity share

Almost zero bad loans, strong loan growth and return ratios are key positives

Firstly, the pace of disbursements slowed in Q2 while net interest margins have seen a gradual compression

The firm's cautious approach, particularly in loans against property, may keep a check on the pace of disbursement in FY17

The stock trading flat at Rs 357 at 10:14 am, hit a record high of Rs 370, up 4% on the BSE in intra-day trade.