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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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