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‘HDFC looking for more buyout opportunities’

DNMUM429598 | 1/9/2019 | Author : Anurag Shah | WC :540

India Inc Speaks
Zee Business
Deepak Parekh, chairman, HDFC, in an interview with Anurag Shah of Zee Business talks about the merger of Gruh Finance with Bandhan Bank and positives and challenges that exist in the economy.

What are the synergies between Gruh Finance and Bandhan Bank?
There is a great synergy between Bandhan Bank and Gruh Finance, a company that raises funds from the market and has its presence in west India. Gruh is into housing loans and offers loans for affordable housing, rural and semi-urban housing. It is not a bank like Bandhan that has deposits, current and savings account and has raised Rs 33,000 crore through deposits. Bandhan has its presence majorly in eastern India and its merger with Gruh will enable it t
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