IndusInd Bank to merge with Bharat Financial Inclusion on July 4

lnduslnd Bank said it will give effect to its take over of Bharat Financial Inclusion Limited — formerly known as SKS Microfinance Limited — on July 4. The private sector bank said it received the approval of National Companies Law Tribunal or NCLT last Thursday. With the merger, “all the assets and liabilities of Bharat […]

Kerala richest, Bihar poorest: according to expenditure numbers from NSSO survey

The average amount spent by an Indian has gone up by 66% in rural areas 70% in urban areas — with Keralites being the “richest” among the big states, according to the results of the last year’s expenditure survey the Government of India’s National Sample Survey Office (NSSO). The average (per head) expenditure figures are […]