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Business Standard

After rising 1,500%, IndusInd bets on microfinance firm buy to extend gains

Acquiring India's largest micro financier gives the bank presence in more than 115,000 villages that will increase its cross-sell, lending and low-cost deposit mobilisation efforts

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IndusInd Bank

Suvashree Ghosh & Anto Antony | Bloomberg 

IndusInd Bank

IndusInd Bank Ltd, India's best performing lender in the past decade, is counting on its acquisition of a microfinance firm to help it improve profitability, while shrugging off risks from the country's spreading shadow bank crisis.

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Read our full coverage on IndusInd Bank

First Published: Wed, July 24 2019. 06:37 IST

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