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      Question

      Which bank got approval from the Reserve Bank of India

      for the reverse merger of IDFC Ltd with its banking subsidiary?
      A ICICI Bank Correct Answer Incorrect Answer
      B HDFC Bank Correct Answer Incorrect Answer
      C IDBI Bank Correct Answer Incorrect Answer
      D Axis Bank Correct Answer Incorrect Answer
      E IDFC First Bank Correct Answer Incorrect Answer

      Solution

      Explanation : The Reserve Bank of India has given its nod for the reverse merger of IDFC Ltd with its banking subsidiary IDFC First Bank .

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