Bonding with Bharat
Mcap: Net Interest Margin: Return on Equity: A welldiversified loan book Mcap: Branches: Lowest offtake among top 5 MFIs of Amount disbursed (till September 2016):
4% 15.7% 1359 17,744 59,824 crore
Lowest interest rate of charged by any private MFI
Present in districts (highest in industry)
moter backing, access to cheap funds, while IndusInd will meet priority sector norms and rural distribution of the country’s premier microfinance company,” the official said.
Another source though said that it is likely to be an all-stock deal and IndusInd would keep the business and the brand of Bharat Financial separate from the bank to leverage the latter’s strong brand equity in rural areas.
“It could be a win-win deal,” the person said as IndusInd would gain more access to the rural belt. Bharat Financial has no identifiable promoter to lead the business after departures of couple of senior people.
Bharat Financial is a widelyheld company with no promoter shareholder. Morgan Stanley Investment is the largest shareholder with 5.5% as on December 31, 2016, followed by Morgan Stanley Mauritius’ 5.4%. Amansa Capital has 3.9% along with IDFC Mutual Fund (3.4%), East Bridge Capital (3.4%) and Pinebridge Capital (3.3%).
IndusInd Bank Q3 FY17 Numbers 1,363 crore Bharat Financial Inclusion 77 lakh Current Outreach