Which bank will acquire micro-finance Grama Vidiyal?

Q.  Which of the following banks is ready to acquire Micro finance Grama Vidiyal?
- Published on 17 Feb 17

a. Bandhan Bank
b. IDFC Bank
c. Kotak Mahindra Bank
d. HDFC Bank

Private sector lender IDFC Bank announced the acquisition of Tamil Nadu-based Grama Vidiyal Micro finance that will help it widen the reach.

IDFC Bank claims that it is the first time an Indian bank has acquired a micro-finance institution.

Prior to this, the bank had purchased 10% stake in Dhaka-based ASA International in January for nearly Rs 8.5 crores.

IDFC received a universal banking license from the Reserve Bank of India (RBI) in July 2015.


Founded : October, 2015
Headquarter : Mumbai, Maharashtra
Current Head : Dr. Rajiv Lall (MD & CEO)

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