___________, the then largest NBFC – MFI got merged with IndusInd bank in July 2019.

Correct option is A

Ans.(A) Bharat Financial Inclusion Limited

• Bharat Financial Inclusion Limited (BFIL), formerly SKS Microfinance, merged with IndusInd Bank in July 2019.
• This strengthened IndusInd Bank’s microfinance and rural banking reach.
• BFIL was the largest NBFC-MFI in India, offering small loans to low-income households using the Joint Liability Group (JLG) model.

1. BFIL was India’s largest NBFC-MFI before the merger.
2. IndusInd Bank acquired BFIL to expand microfinance operations.
3. BFIL used the JLG model for group lending.
4. NBFC-MFIs provide small loans to underserved sections.
5. Microfinance supports financial inclusion in rural areas.