Question
What is the effective date of the amalgamation of
Fincare Small Finance Bank Ltd. with AU Small Finance Bank, as approved by the Reserve Bank of India?Solution
• The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Fincare Small Finance Bank Ltd. (Transferor Bank) with AU Small Finance Bank Ltd. (Transferee Bank). • The effective date of the amalgamation shall be April 01, 2024. • All the branches of Fincare Small Finance Bank Ltd. will function as branches of AU Small Finance Bank Ltd. with effect from April 01, 2024.
Conditional statements are also known as ________ statements.
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