NCLT Approves Merger of IndusInd Bank with Bharat Financial Inclusion (BFIL)
- The IndusInd bank has received the approval of the National Company Law Tribunal (NCLT) for its merger with Bharat Financial Inclusion (BFIL).
- The entire merger process will be completed within 2-4 weeks.
- Post merger, the BFIL will become a subsidiary of the IndusInd Bank.
- The merger has already received the ‘No Objection’ from regulators like RBI, SEBI, CCI, NSE and BSE.