THE HINDU Bandhan Bank to merge with Gruh Finance


  • Bandhan Bank has received approval from the Competition Commission of India (CCI) for the proposed scheme of acquiring of Gruh Finance.
  • Bandhan Bank had, in January 2019, announced the merger of Gruh Finance with it.
  • The move was taken to bring down promoter holding in the bank to 61% from 82.3%.
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