Indusind-bfil Merger
Micro loans disbursed by BFIL sans customers' consent: IndusInd Bank
The bank said audit firm Deloitte has submitted its report, according to which the loans were disbursed without the consent of customers due to the 'technical glitch'
 "Micro loans disbursed by BFIL sans customers' consent: IndusInd Bank")
IndusInd-BFIL merger a win-win deal
After months of speculation, IndusInd Bank and Bharat Financial Inclusion (BFIL) ended the guessing game on Monday. Both parties have entered into an exclusivity agreement for a potential amalgamation or any other suitable structure. While pricing or valuation related details aren't known, Romesh Sobti, MD & CEO, IndusInd Bank, states that the transaction would be share swap deal. Therefore, analysts at Edelweiss, assuming BFIL's share price at Rs 930 (Friday's closing price), estimate that the swap ratio may be 1:1.7 - that is, one share of IndusInd Bank for 1.7 shares of BFIL, resulting in 12.7 per cent equity dilution for IndusInd Bank. However, irrespective of these numbers, the merger is seen as a win-win for both the parties. For BFIL, lack of strong banking channel support resulted in disbursals and collections taking a hit post demonetisation, the impact of which was seen March'17 and June'17 quarters as the financier undertook massive loan book clean-up. Past experience ..
 "IndusInd-BFIL merger a win-win deal")
