National Company Law Tribunal (NCLT) approved merger of private sector lender IndusInd Bank with Bharat Financial Inclusion (BFIL), a microfinance company.
a. IndusInd Bank
b. Kotak Mahindra Bank
c. RBL Bank
d. Yes Bank
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
