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Bandhan's asset management test; IDFC MF's acquisition could be a challenge

The deal will make Bandhan Financial Holdings the latest banking group foray into the Rs 38-trillion domestic mutual fund (MF) industry

Bandhan Bank | IDFC MF | mutual fund sector

Chirag Madia  |  Mumbai 

With the IDFC buy, Kolkata-headquartered Bandhan group will gain an entry straightway into the top-10 club.
With the IDFC buy, Kolkata-headquartered Bandhan group will gain an entry straightway into the top-10 club.

For a financial group that started out in the micro- business, Bandhan Financial Holdings has taken a great leap with its agreement last week to acquire, together with private equity players GIC and ChrysCapital, IDFC Mutual Fund. The deal will make Bandhan Financial Holdings, which holds a 40 per cent stake in the seven-year-old private bank Bandhan Bank, the latest banking group to foray into the Rs 38-trillion domestic mutual fund (MF) industry.



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First Published: Thu, April 14 2022. 06:00 IST