IndusInd Bank Gets RBI Nod To Acquire IL&FS Arm
Posted on:05 Apr 2018 10:14:14
05 April 2018 Current Affairs: Private sector lender IndusInd Bank received RBI's approval to buy the securities services arm of IL&FS.
In March 2017, the bank entered an agreement with Infrastructure Leasing and Financial Services, the promoter shareholder of IL&FS Securities Services Ltd (ISSL), to acquire 100% stake in ISSL.
In March 2017, the bank entered an agreement with Infrastructure Leasing and Financial Services, the promoter shareholder of IL&FS Securities Services Ltd (ISSL), to acquire 100% stake in ISSL.
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