2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank has entered into an agreement with Infrastructure Leasing and Financial Services Ltd (IL & FS) to acquire 100 % stake in IL & FS Securities Services Ltd (ISSL).
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Canara Bank
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Indian Bank
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Karur Vysya Bank
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IndusInd Bank
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Explanation:
Detailed explanation-1: -IndusInd Bank, which is promoted by the Hinduja Group, had set the ball rolling to acquire ISSL in March last year. The bank then signed a definitive agreement to acquire 100% of IL&FS’ securities services subsidiary in June this year for an undisclosed amount.
There is 1 question to complete.