CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
SKS Microfinance has the name of the company has been changed to _________
A
Bharat Financial Inclusion Ltd
B
Financial Inclusion PTY Ltd
C
SKS Financial Inclusion Ltd
D
DVS Financial Services
Explanation: 

Detailed explanation-1: -In a re-branding exercise, SKS Microfinance will be rechristened as Bharat Financial Inclusion Ltd.

Detailed explanation-2: -Bharat Financial Inclusion Limited (formerly known as SKS Microfinance Limited) BFIL is a banking & finance company (NBFC), licensed by the Reserve Bank of India.

Detailed explanation-3: -Mumbai: SKS Microfinance on Thursday decided to change its name to Bharat Financial Inclusion, snapping its last link to the 2010 microfinance crisis that originated in Andhra Pradesh.

Detailed explanation-4: -SKS Microfinance changed its name to Bharat Financial Inclusion Limited (BFIL) and merged itself with the IndusInd Bank where the merger became effective on 4 July 2019.

Detailed explanation-5: -Founder Vikram Akula named the company as ‘Swayam Krishi Sangham’ or SKS, which means self-help group.

There is 1 question to complete.