IDFC merger may be delayed on fair value issue

The merger will give IDFC First bank access to nearly ₹4,000 crore of capital, a bulk of which came from IDFC Ltd selling its mutual fund business to Bandhan Bank. IDFC Ltd shareholders are likely to benefit from the clean-up of the bank’s balance sheet and the groundwork laid for the retail loans growth take-off.

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2 top stock recommendations from Vinay Rajani

Indian equity markets are experiencing a cautious phase, consolidating within a defined range as fresh buying momentum remains elusive. Technical analysts suggest the broader trend