ALSO READCCI clears IndusInd-Bharat Financial merger Bharat Financial Inclusion gets CCI approval for its proposed amalgamation with IndusInd Bank IndusInd Bank, Bharat Financial in focus after RBI clears merger CCI approves proposed amalgamation of Bharat Financial Inclusion with IndusInd Bank Financial inclusion drive must target the poor: Subbarao
IndusInd Bank announced that the Reserve Bank of India ('RBI') has, vide its letter dated 13 March 2018 conveyed its 'no objection' for the voluntary amalgamation of Bharat Financial Inclusion with the Bank, subject to compliance with the terms and conditions specified therein.
The Scheme remains subject to the receipt of approval from the Stock Exchanges/ SEBI, the National Company Law Tribunal, the respective shareholders and creditors of BFIL and the Bank and other applicable statutory and regulatory approvals.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)