Nifty inches towards record high, Sensex up over 200 pts; Banks lead

Epic Update SensexEpic Update Sensex

Private sector lender IndusInd Bank aims to grow its microfinance portfolio to 5-6 percent in three years, likely to be boosted by the merger with microfinance player Bharat Financial Inclusion.

The Bank’s board members will meet on Saturday, October 14, and most likely announce the merger deal.

Currently, IndusInd Bank’s microfinance book is a little less than Rs 3,000 crore, which is 2.5 percent of the total loan book.

The two entities entered into discussions earlier this year and announced its exclusive talks in September to consider a merger.

For more information ✆ – 0731-6642300 or Visit https://goo.gl/jjyT2d

Facebook Twitter YouTube Pinterest Linkedin Google+

You may also like:

Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited' width= Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed' width=
Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
Share Button

About the Author

Epic Research
Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300