- Mumbai based IndusInd Bank and Bharat Financial Inclusion Limited (BFIL) said their merger will be effective from 4th July 2019.
- The National Company Law Tribunal (NCLT) on 10th June 2019, approved the Scheme of Arrangement among BFIL, IndusInd Bank and Induslnd Financial Inclusion and their respective shareholders and creditors.
- In Oct 2018, IndusInd Bank had decided to acquire the non-banking finance company BFIL, previously known as SKS Microfinance.
About IndusInd Bank
- HQ - Mumbai, Maharashtra
- Founder - S.P. Hinduja (In 1994)
- Chairman - R. Seshasayee
- MD & CEO - Romesh Sobti
About Bharat Financial Inclusion Limited (BFIL)
- Founder - Vikram Akula (In 1998)
- HQ - Hyderabad, Telangana
- CEO - M. R. Rao
Published On : 20 Jun 2019
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