IndusInd Bank Receives NCLT Approval For Merger With Bharat Financial Inclusion

National Company Law Tribunal (NCLT) approved the merger of private sector lender IndusInd Bank with Bharat Financial Inclusion (BFIL), a microfinance company.

Earlier, IndusInd Bank had received ‘No Objection’ from Reserve Bank of India, National Stock Exchange and Bombay Stock Exchange. Bharat Financial will become a subsidiary of the private lender.

Source: Economic Times

Static/Current Takeaways Important for LIC AAO Exam:

  • IndusInd Bank Headquarter: Mumbai, CEO: Romesh Sobti.
  • NCLT Headquarter: New Delhi.

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