Why the proposed IDFC and Shriram Group merger makes perfect sense.
IDFC Group and South India-based financial services giant Shriram Group are reported to be in talks for a merger to create an entity with assets of over ₹2 lakh crore. While the two sides are yet to confirm this, experts say there are several reasons why such a move make sense.
Access to new geography
The merger will give IDFC Bank access to a well-established network in the entire south. Remember that Kotak Mahindra Bank had done a similar thing a few years ago when it bought ING Vysya Bank.
Ready retail portfolio
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