IndusInd Bank, Bharat Financial Inclusion to start merger talks
The merger, if finalized, will allow IndusInd Bank to expand its retail loan book and fulfil Bharat Financial Inclusion's ambition to offer banking services
Mumbai: One of India’s oldest microfinance firms Bharat Financial Inclusion Ltd and Hinduja Group-backed private sector lender IndusInd Bank Ltd on Monday announced they will start talks for a merger, something that could help the former bring down credit costs and the latter offer a bouquet of retail loans.
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