2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following bank has received approval from the Competition Commission of India (CCI) for the proposed scheme of amalgamation of Gruh Finance with the bank?
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UCO Bank
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Corporation Bank
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Canara Bank
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Bandhan Bank
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Laxmi Vilas Bank
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Explanation:
Detailed explanation-1: -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-2: -As many as 15.93 crore shares of the bank was transferred to HDFC, Bandhan Bank said.
Detailed explanation-3: -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.
Detailed explanation-4: -Bandhan Bank opened its first currency chest in Deedargunj, Patna.
There is 1 question to complete.