THE HINDU IndusInd Bank & BFI merger approved
- National Company Law Tribunal (NCLT) approved the merger of IndusInd Bank with Bharat Financial Inclusion (BFIL).
- The merger will be completed within 2-4 weeks.
- Post-merger, BFIL will become a subsidiary of the Bank.
- Bharat Financial Inclusion Limited BFIL is a non-banking finance company, licensed by the Reserve Bank of India.