Question
The Reserve Bank of India (RBI) has approved HDFC Asset
Management Company (HDFC AMC) to acquire some stake each in DCB Bank, Karur Vysya Bank, Federal Bank and Equitas Small Finance Bank.How much stake is HDFC AMC going to acquire?Solution
Ā The Reserve Bank of India (RBI) has approved HDFC Asset Management Company (HDFC AMC) acquiring a 9.5 per cent stake each in DCB Bank, Karur Vysya Bank, Federal Bank and Equitas Small Finance Bank.
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