Bandhan Bank's Merger with Gruh Finance Approved by CCI

Bandhan Bank received approval from the Competition Commission of India (CCI) for the proposed scheme of amalgamation of Gruh Finance with the bank.

Details:

• The approval has been made under sub-section (1) of Section 31 of the Competition Act, 2002.
• Bandhan Bank in January 2019, announced the merger of Gruh Finance with it.

About Bandhan Bank:

• Bandhan Bank is a private sector bank that was founded on 23rd August 2015.
• Chandra Shekhar Ghosh is the founder of Bandhan Bank and it is headquartered in Kolkata, West Bengal, India.

Question:

Q. Bandhan Bank has received approval from the Competition Commission of India (CCI) for its merger with whom?
a. Gruh Finance
b. Bajaj Finance
c. Cholamandalam Finance
d. Ujjivan Finance