Competition Commission of India (CCI) has approved the merger of Bandhan Bank Ltd. with Gruh Finance Ltd. According to a regulatory filing, CCI approved the merger proposal at its meeting held on April 15. Gruh Finance is registered with the National Housing Bank as a housing finance company. Both, Bandhan Bank and Gruh Finance are listed on the NSE and the BSE. Gruh Finance has a paid up capital of ₹146.55 crore.
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