Question

Which bank has announced its merger with Bharat Financial?
Andhra Bank
IndusInd Bank
Bank Of Maharashtra
Bank of Baroda
Corporation Bank

Answer 1

Hey Friend

Here is your Answer,

Indusland bank

Thank you.

Answer 2

Answer:

IndusInd Bank has announced its merger with Bharat Financial.

Explanation:

After the approval of National Company Law Tribunal (NCLT) Induslnd Bank has announced its merger with Bharat Financial Inclusion (BFIL), which is a Microfinance Company.

The pact provides for a mutually agreed exclusivity period for due-diligence and discussions to obtain a potential strategic partnership between the company and BFIL by way of coalescence through a scheme of arrangement or any other suitable structure.

The merger would result in lower cost of funds and would help the company offer its consumers savings services.