Comments
Bandhan Bank Managing Director and CEO, Chandra Shekhar Ghosh, on Monday said the lender is awaiting approval from the NCLT for its proposed merger with GRUH Finance.
"We are still waiting for approval from NCLT for the merger with GRUH," he told BusinessLine on the sidelines of FIBAC 2019.
He said Bandhan Bank will decide later on a further reduction in promoter stake holding in the lender, but did not specify any timeline.
The boards of Bandhan Bank and GRUH Finance had in January this year approved the merger, which was then cleared by the Reserve Bank of India in March.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.