Bharat Financial Inclusion is moving up on news that IndusInd Bank is looking to merge the company with itself in a share swap deal. The two firms have yet to confirm the news.
Bharat Financial Inclusion had posted a healthy set of numbers for 3QFY17. The company's net interest income grew 42%, which was 6% above the estimates of analysts like Nirmal Bang. The company's assets under management (AUM) grew 38% YoY, although it had shrunk -6% QoQ likely due to the demonetization impact on small borrowers.