Private sector lender IndusInd Bank has received RBI’s approval to buy the securities services arm of IL&FS.
In March 2017, the bank entered an agreement with Infrastructure Leasing and Financial Services, the promoter shareholder of IL&FS Securities Services Ltd (ISSL), to acquire 100% stake in ISSL.
Source- The Economic Times
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- IndusInd Bank commenced operations in 1994
- IndusInd Bank Chairman- R. Seshasayee, Headquarter- Mumbai, Owner- Hinduja Group.