Gruh Finance Bandhan Bank Merger

Net interest margin has started to come off from the 10 per cent plus mark as proportion of lower-yield mortgages rise

Bandhan Bank announced the opening of 106 additional home loan distribution points

The stock down 5% to Rs 243, trading at its lowest level since November 10, 2017, after Bandhan Bank on January 7, 2019 announced amalgamation of Gruh Finance with the bank through a share swap ratio.

According to the share swap ratio, for every 1,000 shares of Gruh Finance shareholders will get 568 shares of Bandhan Bank.

Loan growth and profitability have been, of late, put to test