What do P S Jayakumar, V Vaidyanathan and Chandra Shekhar Ghosh have in common? Well, the trio is currently anchoring the three most interesting mergers in Indian banking.
Bandhan Bank Ltd, headed by Ghosh, has announced taking over Gruh Finance Ltd, a subsidiary of Housing Development Finance Corp Ltd (HDFC), while Vaidyanathan’s Capital First Ltd has already been merged with IDFC Bank Ltd, and two relatively small public sector banks — Dena Bank and Vijaya Bank — are being merged with Jayakumar’s Bank of Baroda (BoB). Both Jayakumar and Vaidyanathan are on ...
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