InvestorQ : Why Bharat Financial Inclusion (BFIL) is merging with IndusInd Bank?
Rutuja Nigam made post

Why Bharat Financial Inclusion (BFIL) is merging with IndusInd Bank?

Answer
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priya Shah answered.
1 year ago


According to my view, I think that merger of Bharat Financial Inclusion (BFIL) and IndusInd Bank is really a good deal as BFIL has access to rural areas and IndusInd Bank can use the capital to cater the rural needs. The merger might take another 2-4 weeks for completion. According to a leading newspaper report, the BFIL will become a subsidiary of IndusInd Bank. BFIL is a microfinance firm and IndusInd is a private bank that announced their merger in October 2018.

Non-executive Chairman of Bharat Financial, PH Ravikumar, told that the company can play a crucial role in IndusInd Bank’s rural push. So this is quite a good deal not only for the two entities but also for the economy.