Bandhan buys Gruh Finance

Bandhan buys Gruh Finance


Bankdhan Bank

Bankdhan Bank, the new generation Private Sector Bank has received NO OBJECTION from the Regulator Reserve Bank of India, for their proposed acquisition of GRUH FINANCE.

  • RBI has in its letter dated March 14, 2019, communicated that it has no objection in Bandhan Bank acquiring Gruh Finance
  • RBI also stated that this amounts to the voluntary amalgamation of Gruh Finance with Bandhan Bank
  • RBI added that necessary terms and conditions should be complied with.


Gruh Finance the affordable Housing Finance unit of HDFC was taken over in January this year by Kolkata based Bandhan Bank, in a share swap deal.

The deal revealed that Bandhan Bank’s promoter Bandhan Financial Holdings’ stake would come down to about 61 percent from 82% and HDFC will hold around 15% in the merged entity, as compared to about 57% in Gruh Finance.

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