...And its benefits

Will create a financial conglomerate with a bank at its centre. It may become India's largest mass retail bank-like entity.

Huge synergy benefits of merging wholesale corporate lender IDFC and mass retail lender Shriram.

Shriram brings two insurance companies — Shriram Life Insurance and Shriram General Insurance — on the table Merger of SCUF will help IDFC expand its balance sheet by 20-25,000 crore.

STFC has 20-25 per cent share of the difficult unorganised market. It also has a large network with more than 900 distribution points and a balance sheet of close to 80,000 crore.