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IndusInd Bank, Bharat Financial Inclusion Get Merger Clearance from CCI
December 22, 2017
The Competition Commission of India (CCI) said that in a meeting that was held yesterday, it considered the proposed merger of the IndusInd Bank and Bharat Financial Inclusion and decided to approve the same as well.
Although the fair trade regulator has given a nod on its part, the actual integration is contingent upon approvals from RBI, SEBI, NCLT, and a few other bodies.
IndusInd Bank decided to acquire Bharat Financial Inclusion in October and started the process for the same shortly after. If the deal materializes, the new entity will have about 4,000 branches across the country.
