Hold Bharat Financial Inclusion: Gaurang Shah

Gaurang Shah of Geojit Financial Services told CNBC-TV18, "After the news flow, of course there is a disclosure that we do have positive coverage on Bharat Financial Inclusion as well as IndusInd Bank; Bharat Financial up almost about 2.5 percent as we speak. Our sense is that merger will bring in a very strong entity, not that IndusInd Bank is any weak bank, but post-merger, there will be a lot of opportunity to take the business forward in newer areas."

"My sense is that instead of short-term, hold on to Bharat Financial from a long term point of view and of course, post-merger you will have a great entity."