INDUSIND AND BHARAT FINANCIAL FINALLY AGREE TO EXPLORE A MERGER.

 

The proposed merger between IndusInd Bank and Bharat Financial has been a matter of discussion for a fairly long time. It was seen by many analysts as the perfect fit between the first mile and the last mile of financial services. IndusInd Bank with its strong client base and corporate relationships needed headway into the lucrative rural and semi-urban markets of India. That is where Bharat Financial has built granular expertise over the years. Bharat Financial, on the other hand, needed the support of a large player with a sound balance sheet and a healthy capital adequacy. IndusInd surely fitted the bill. Where there was little by way of surprise in the merger announcement, it would be interesting to understanding the modus operandi of the merger and the mutual synergies accruing to both the parties to the transaction.

                                                                                                                                    Source:-Angel broking blog.