Question

Centre has shortlisted which of the following two banks for divestment?

A Bank of Maharashtra (BoM) and Indian Overseas Bank (IOB) Correct Answer Incorrect Answer
B Central Bank of India (CBI) and Bank of Maharashtra (BoM) Correct Answer Incorrect Answer
C Union Bank of India (CBI) and Indian Overseas Bank (IOB) Correct Answer Incorrect Answer
D Central Bank of India (CBI) and Indian Overseas Bank (IOB) Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Centre has shortlisted Central Bank of India (CBI) and Indian Overseas Bank (IOB) for divestment. The two state-run banks might see 51 percent sale in the first phase of disinvestment. The government will amend the Banking Regulations Act, and some other banking laws for divestment.

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