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      Question

      Which bank  is planning to rope in a strategic investor

      for its credit card subsidiary by divesting 49 per cent stake?
      A Bank of Baroda Correct Answer Incorrect Answer
      B Punjab National Bank Correct Answer Incorrect Answer
      C Bank of Maharashtra Correct Answer Incorrect Answer
      D Canara Bank Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Bank of Baroda (BoB) is planning to rope in a strategic investor for its credit card subsidiary, BOB Financial Solutions (BFSL), by divesting 49 per cent stake. At present, BoB holds 100 per cent in the entity. Capital market firm ICICI Securities is advisor for the deal.

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