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    Question

    Reserve Bank of India grants approval to SBI Funds

    Management to acquire 9.99 per cent equity shares in which Small Finance Bank through various schemes managed by it?
    A Au Small Finance Bank Limited Correct Answer Incorrect Answer
    B Capital Small Finance Bank Limited Correct Answer Incorrect Answer
    C Equitas Small Finance Bank Limited Correct Answer Incorrect Answer
    D Suryoday Small Finance Bank Limited. Correct Answer Incorrect Answer
    E Ujjivan Small Finance Bank Limited. Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India grants approval to SBI Funds Management to acquire 9.99 per cent equity shares in Equitas Small Finance Bank through various schemes managed by it. The said approval by RBI is subject to compliance with the relevant regulations issued by RBI and SEBI and is valid for one year till January 2, 2024. Learn Along: Deputy Governors: MK Jain, MD Patra, M Rajeshwar Rao and T. Rabi Sankar SBI Funds Management               Headquarters: Tirunelveli                               MD & CEO:  Shamsher Singh Equitas Small Finance Bank          Headquarters: Chennai                                  MD & CEO: Vasudevan P N

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