Housing Development Finance Corporation has on 22 April 2019 received the final approval of the Reserve Bank of India to acquire shareholding of 9.9% or less of the paid up voting equity capital of Bandhan Bank post proposed amalgamation of GRUH Finance into and with Bandhan (scheme of amalgamation).
The amalgamation scheme remains subject to approvals from the National Company Law Tribunal and the respective shareholders and creditors of GRUH Finance and Bandhan Bank.