2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBL Bank
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Kotak Mahindra Bank
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Bandhan Bank
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IndusInd Bank
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Detailed explanation-1: -Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over in January by Bandhan Bank in a share-swap deal.
Detailed explanation-2: -Subject to regulatory approvals, the merger shall take effect from January 1, 2019. The share exchange ratio is decided at 568:1000, which means shareholders of GRUH Finance will receive 568 shares of Bandhan Bank for every 1000 shares that they hold of GRUH Finance.
Detailed explanation-3: -HDFC acquires 9.89% stake in Bandhan Bank As many as 15.93 crore shares of the bank was transferred to HDFC, Bandhan Bank said.
Detailed explanation-4: -Mr. Ghosh has over 30 years of experience in microfinance and development terrain. He founded Bandhan in 2001 as a not-for-profit enterprise for financial inclusion and women empowerment.
Detailed explanation-5: -HDFC, a public shareholder in Bandhan Bank, held a 9.89 per cent stake in the private lender at the end of the December quarter, shareholding data with the exchange showed.