2018
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
IDFC Bank
|
|
|
Citi Bank
|
|
|
Canara bank
|
|
|
Dena Bank
|
Detailed explanation-1: -Capital First on Wednesday said the regulator National Housing Bank (NHB) has approved the merger of the company along with Capital Home Finance and Capital First Securities Limited with IDFC Bank.
Detailed explanation-2: -I am pleased to announce the completion of the merger of IDFC Bank and Capital First, officially combined to form a new enterprise which will be called IDFC FIRST Bank.
Detailed explanation-3: -The merger will give IDFC First bank access to nearly ₹4,000 crore of capital, a bulk of which came from IDFC Ltd selling its mutual fund business to Bandhan Bank. IDFC Ltd shareholders are likely to benefit from the clean-up of the bank’s balance sheet and the groundwork laid for the retail loans growth take-off.