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Housing finance arm may be merged with Indian Bank

Housing finance arm may be merged with Indian Bank

Media reports suggest that Ind Bank Housing, the housing finance subsidiary of Indian Bank, may be merged with the parent company by the end of 2012-13, if all regulatory approvals fall into place. Indian Bank wants to merge its housing finance arm because it would help bolster the bankÂ’s retail book, bringing specialist home finance employees, and also as it wo