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Bandhan Bank's Q2 results show positive impact of diversification
Net interest margin has started to come off from the 10 per cent plus mark as proportion of lower-yield mortgages rise
HDFC Ltd-promoted Gruh Finance merges with Kolkata-based Bandhan Bank
Bandhan Bank announced the opening of 106 additional home loan distribution points
Gruh Finance hits 14-month low; tanks 24% in three trading days
The stock down 5% to Rs 243, trading at its lowest level since November 10, 2017, after Bandhan Bank on January 7, 2019 announced amalgamation of Gruh Finance with the bank through a share swap ratio.
Gruh Finance tumbles 14% on unfavourable share swap ratio
According to the share swap ratio, for every 1,000 shares of Gruh Finance shareholders will get 568 shares of Bandhan Bank.
With 7% discount deal, Gruh-Bandhan Bank merger a growth key for the NBFC
Loan growth and profitability have been, of late, put to test
