INSUBCONTINENT EXCLUSIVE:
which could trigger an inflow of about Rs 700 crore from overseas passive funds, Morgan Stanley said
MSCI will announce its review of indices Wednesday.
Analysts tracking the Indian bank are bullish, with 14 of the 20 brokerages assigning a
increased to 49 per cent in October
The promoter stake in the bank has declined from 82 per cent to 61 per cent in the December quarter after the non-operative financial
holding company (NOFHC), Bandhan Financial Holdings, trimmed its holding through the merger with Gruh Finance.
Shares of Bandhan Bank have
declined more than a quarter since October 15 as its microfinance lending portfolio in the Northeast, particularly Assam, was hit due to
ongoing protests in the region
The portfolio accounts for a sixth of its advances in this category of loans.
The successful merger with Gruh Finance has led to addition of
Rs 18,000 crore to total assets under management.
The merger will deliver both revenue and cost synergies such as extending loans to about
2.7 lakh Gruh customers and other substantial synergies
