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 Mumbai:
The Hindujas-promoted IndusInd Bank is looking at
non-banking finance companies (NBFCs) for acquisition.
"We
are interested in acquiring NBFC business. We are looking
at some of the potential candidates for acquisition. It
is too early to talk about them," says IndusInd Bank
managing director Bhaskar Ghose.
The
bank is also in the process of a reverse merger with its
promoter finance company — IndusInd Enterprises and
Finance Ltd.
 It
has been rough days for NBFCs with most of them finding
survival difficult with credibility being a major concern.
Most NBFCs, excepting a few top players, are of the opinion
that they have to merge with a bank or convert themselves
into one in order to survive the onslaught of increasing
competition.
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