 "Bandhan Bank")
After clearing all regulatory hurdles, Gruh Finance, the HDFC Ltd-promoted affordable housing finance, finally merged with Kolkata-based Bandhan Bank today. The merger of balance sheets is likely to take place on October 24th, when Bandhan Bank presents consolidated financial results.
As on June 30, 2019, the total number of banking outlets of Bandhan was about 4,013. The network consists of 999 branches and 3,014 doorstep service centres. Gruh, on the other hand, has about 195 branches.
Bandhan Bank announced the opening of 106 additional home loan distribution points today. Thus, in total, there would be about 301 Bandhan Bank Gruh Centres, which
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