Shivalik Small Finance Bank has completed its acquisition and merger with Delhi-based ManiBhavnam Home Finance India Pvt, marking the close of a deal valued at nearly Rs 109 crore. The transaction was completed last week, according to the report.
The merger is significant for Shivalik because it gives the bank a foothold in the affordable housing finance segment. By bringing ManiBhavnam into its fold, the lender is moving beyond its existing operations and adding a business line tied to home loans for cost-conscious borrowers.
For Shivalik, the acquisition appears to be a strategic expansion rather than just a balance-sheet deal. Entering affordable housing finance can help the bank widen its lending portfolio and reach customers in a segment that remains important for long-term retail credit growth.
With the merger now complete, attention is likely to shift to how Shivalik integrates ManiBhavnam Home Finance into its broader business. The deal strengthens the bank's presence in housing finance and underlines its intent to build scale through targeted expansion.
