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.
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