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    Question

    Recently the board of directors of the Bank of Baroda

    (BoB) has approved divestment of its majority shareholding in which bank?
    A Nainital Bank Limited Correct Answer Incorrect Answer
    B Yes Bank Correct Answer Incorrect Answer
    C Karur Vashya Bank Correct Answer Incorrect Answer
    D HDFC Bank Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    State-owned Bank of Baroda (BoB) said it plans to sell its majority stake in Nainital Bank. The board of directors of the bank has approved divestment of its majority shareholding in Nainital Bank Limited (NBL), and authorised issuance of an advertisement inviting Expressions of Interest (EOI) through a Preliminary Information Memorandum (PIM) from interested parties (IPs).

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