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IndusInd Bank to Merge With BFIL On July 4

IndusInd Bank has announced that it is planning to merge with Bharat Financial Inclusion on July 4, 2019. The CEO of Bharat Financial Inclusion Ltd (BFIL) will become the CEO of IndusInd Financial Inclusion Ltd (IFIL). Boards of both the companies have agreed on July 4 as the date on which IndusInd Bank, BFIL and IFIL will file the NCLT order with the Registrar of Companies. The NCLT on June 10, 2019, has sanctioned a scheme of arrangement about IndusInd Bank, BFIL and IFIL and their respective creditors and shareholders. Read the post further to know more of IndusInd Bank-BFIL merger.

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IndusInd Bank to Merge with BFIL on July 4

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65 views • 5 slides

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Consolidated quarterly financial results - PowerPoint PPT Presentation

IndusInd Bank to Merge With BFIL On July 4

IndusInd Bank to Merge with BFIL on July 4