CCI Clears IndusInd Bank-Bharat Financial Merger

The Competition Commission of India (CCI) has approved the scheme of amalgamation between IndusInd Bank and Bharat Financial Inclusion.

According to a filing with the stock exchanges, CCI had considered the proposed combination and approved the same. The scheme remains subject to the receipt of approval from the RBI and regulatory approval, including approval of the stock exchanges, SEBI, and the National Company Law Tribunal.
Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
  • Competition Commission of India (CCI) Chairperson- Ashok Chawla.
  • IndusInd Bank Chairman- R. Seshasayee, Headquarter- Mumbai, Owner- Hinduja Group.

Source- The Hindu Business Line