Foreign banks’ profits soar because of rise in fees and commissions
There is no real threat. You need to understand that the Insolvency and Bankruptcy Code (IBC) is new, which has to be tested.
The bank’s credit book grew due to a 22% growth in retail loans led by non-vehicle loans and 26% growth in loans to companies.
Macquarie said minority shareholders of Shriram Transport Finance (SHTF) should oppose the deal unless they get a huge premium on the share price.
Loans grew at 24% to Rs 21,838 crore from Rs 17,653 crore in fiscal 2016
Large corporate focussed lenders like ICICI and Axis may also be under pressure.
"There has been differences in Shriram and with IDFC too there will be. But that's where the role of the leadership comes into play."
When you have the combination of banks and NBFCs it becomes advantageous, the synergy comes out.
This merger gives IDFC an opportunity directly or indirectly to reach out to 10 million customers.
The struggling telco met bankers late last week to chalk out the way ahead and update them with the latest on their planned merger with Aircel.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon