Indian postal bank daughter stands for the sales


MUMBAI

Before the takeover by the German bank standing postal bank wants itself according to a press report of a subsidiary in India for the sales in. The German postal bank of Home Finance (DPHF) does not belong to the core business and, therefore, is pushed off, reports the Indian newspaper “Business Standard” on Tuesday with reference to not called investment bankers.

The DPHF has not developed in spite of strong strains as expected, writes the newspaper. The value of the Indian daughter is estimated at 15 milliards Rupien (243 million euros). The competitors Tata Finance, L&T Finance, Indiabulls and Religare have shown according to the report already interest in a takeover. As an adviser for the sales the postal bank has signed on the British bank specified on threshold countries standard Chartered

Comments are closed.