2018
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which bank First to merge in Share Swap Deal recently?
|
|
IDFC Bank
|
|
|
HDFC Bank
|
|
|
SBI Bank
|
|
|
Dena Bank
|
Explanation:
Detailed explanation-1: -The boards also approved a share swap ratio of 139 shares of IDFC Bank for 10 shares of Capital First, a debt financing firm for small entrepreneurs. The merger will also result in V Vaidya-nathan, currently chairman and managing director of Capital First, succeeding Ra-jiv Lallas MD and CEO of the merged entity.
Detailed explanation-2: -The merger, expected to conclude in the second quarter of 2023, will give HDFC access to 16.7 trillion rupees ($202 billion) of funds comprising so-called low-cost current and savings account deposits and time deposits of the bank.
There is 1 question to complete.