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Loans and advances jumped by 60 per cent to Rs 71,825 crore during 2019-20, from Rs 44,776 crore the year before.
The share swap ratio for the amalgamation was fixed at 568 shares of Bandhan Bank for every 1,000 shares of Gruh Finance.
Bandhan Bank dipped 4% to Rs 507, extending its past three days 7% decline, while Gruh Finance was down 2% to Rs 323, after it rallied 10% in the past three trading days on BSE.