IndusInd-Bharat Financial deal: Here's how experts are looking at it

Name: IndusInd-Bharat Financial deal: Here's how experts are looking at it
Uploaded: 2017-10-16T09:03:09+05:30
Description: IndusInd Bank on Saturday confirmed its acquisition of microfinance institution Bharat Financial Inclusion after over a month of exclusive merger arrangement. In an interview to CNBC-TV18, Digant Haria of Antique Stock Broking and Santosh Singh of Haitong Securities shared their views and reading on the deal and the stocks.

IndusInd Bank on Saturday confirmed its acquisition of microfinance institution Bharat Financial Inclusion after over a month of exclusive merger arrangement. In an interview to CNBC-TV18, Digant Haria of Antique Stock Broking and Santosh Singh of Haitong Securities shared their views and reading on the deal and the stocks.

October 16, 2017 / 09:04 IST

IndusInd Bank on Saturday confirmed the acquisition of microfinance firm Bharat Financial Inclusion after over a month of exclusive merger arrangement.

In an interview to CNBC-TV18, Digant Haria of Antique Stock Broking and Santosh Singh of Haitong Securities shared their views and reading on the deal.

Haria said Bharat Financial can move up 4-5 percent post merger with IndusInd Bank.

He further said that Bharat Financial will contribute over 25 percent earnings for IndusInd Bank in FY19.

Haitong's Singh said that IndusInd-Bharat Financial deal is earnings per share (EPS) accretive for Indusind Bank.

He expects IndusInd Bank-Bharat Financial deal to be beneficial to shareholders.

Singh also expects return on equity (RoE) for IndusInd Bank to expand by 20-30 bps going ahead.

Watch accompanying video for more details.

first published: Oct 16, 2017 09:03 am

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