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RBI Approves Merger of Tata Capital & Tata Motors Finance

Published on October 24, 2024
Current Context: The Reserve Bank of India (RBI) approved the merger of Tata Capital and Tata Motors Finance on October 14, 2024.
RBI Approves Merger of Tata Capital & Tata Motors Finance
  • This merger will create India's 12th largest non-banking finance company (NBFC).
  • Tata Capital will issue equity shares to Tata Motors Finance shareholders, resulting in Tata Motors holding a 4.7% stake in the new entity.
  • The merger aims to attract new customers in the commercial vehicle and passenger car financing segments, enhance customer service with digital offerings, and provide growth opportunities for employees.

Question:

1 What will the merger of Tata Capital and Tata Motors Finance create?

  • A) India's 10th largest non-banking finance company (NBFC)
  • B) India's 12th largest non-banking finance company (NBFC)
  • C) India's 15th largest non-banking finance company (NBFC)
  • D) India's 18th largest non-banking finance company (NBFC)
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