Bharat Financial

Foxconn likely to set up EV manufacturing unit in India through Foxtron

Buzz is that the company may look at the Ford India unit near Chennai for its new facility; sources say group was already betting big in EV components through Bharat FIH

Bharat Financial top officials resign to join rival Spandana Sphoorthy

Top executives of Bharat Financial Inclusion (BFIL), a fully-owned subsidiary of IndusInd Bank, have resigned from the company last week, the bank said on Monday. The bank said it has appointed an Executive Director and another person to oversee day-to-day operations of the company. Shalabh Saxena, the Managing Director & CEO, and Ashish Damani, the Executive Director & CFO of BFIL, are to join rival microfinance lender Spandana Sphoorty, over which the two companies are apparently at loggerheads. "Shalabh Saxena and Ashish Damani, currently employed with BFIL in the capacity of the Managing Director & CEO and the Executive Director & CFO, respectively, have tendered their resignations pursuant to emails addressed to the Chairman of the board of BFIL on November 25, 2021," IndusInd Bank said in regulatory filing. The bank said, in the interim, it has nominated J Sridharan as Executive Director on the board of BFIL and appointed Srinivas Bonam to oversee the day-to-day

2 top Bharat Financial execs can't be relieved till review ends: IndusInd

IndusInd arm says cannot let its two execs join Spandana when the review is ongoing

Bharat Financial says open to merger or acquistion

There has been a strong buzz that the micro lender could merge its operations with IndusInd Bank.

Bharat Financial posts Rs 235 crore loss for Q4, weighs merger

The microlender had made a net profit of Rs 84.47 cr during the corresponding quarter

Bharat Financial Inclusion launches up to $113 million share sale

Ahead of the announcement, Bharat Financial Inclusion shares closed 4.3% higher at 812.30 rupees

Bharat Financial shares surge 10% on 4-fold jump in profits

During the first quarter of current FY, the company saw a 53% jump in total income at Rs 368.95 crore compared to the same period year-ago

Bharat Financial hits fresh 52-week high on strong Q1 earnings

The stock up 6% to Rs 811 after the company reported nearly four-fold jump in profit at Rs 236 crore in Q1FY17.