The Competition Commission of India (CCI) has approved the scheme of amalgamation between IndusInd Bank and Bharat Financial Inclusion. The trade regulator intimated that the commission in its meeting considered the proposed combination and approved the same.
However, the scheme remains subject to the receipt of approval from the RBI and regulatory approval including approvals of the stock exchanges, SEBI, the National Company Law Tribunal and respective shareholders.
Bharat Financial Inclusion (formerly known as SKS Microfinance) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. The company's mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.
Company Name | CMP |
---|---|
Bajaj Finance | 7340.75 |
Shriram Finance | 2732.05 |
Aditya Birla Capital | 239.95 |
SBI Cards AndPayment | 728.10 |
L&T Finance | 181.85 |
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