Current Affairs

IndusInd Bank to Merge with Bharat Financial Inclusion

National Company Law Tribunal (NCLT) approved merger of private sector lender IndusInd Bank with Bharat Financial Inclusion (BFIL), a microfinance company.
IndusInd Bank to Merge with Bharat Financial Inclusion

Details:

  • Last year, IndusInd Bank received 'No Objection' from Reserve Bank of India, National Stock Exchange and Bombay Stock Exchange.
  • As per the report, the merger is expected to complete within 2-4 weeks.
  • Bharat Financial will become a subsidiary of IndusInd Bank.

Question:

Q. National Company Law Tribunal (NCLT) has approved the merger of which private sector lender with Bharat Financial Inclusion Limited (BFIL)?
a. IndusInd Bank
b. Kotak Mahindra Bank
c. RBL Bank
d. Yes Bank
IndusInd Bank to Merge with Bharat Financial Inclusion IndusInd Bank to Merge with Bharat Financial Inclusion Reviewed by Neha on April 28, 2019 Rating: 5

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