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The merger of...

Question

The merger of _ and _ was the first merger and acquisition activity after liberalization.

A

Times bank and HDFC Bank

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B

New Bank of India and Punjab National Bank

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C

ICICI and Axis Bank

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D

GIB and Oriental Bank of Commerce

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Solution

The correct option is A Times bank and HDFC Bank
The merger of Times bank and HDFC Bank was the first merger and acquisition activity of two private sector banks after liberalization.
HDFC Bank merged with Times Bank in February 2000.

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