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?
    A 9.5 percent Correct Answer Incorrect Answer
    B 10.3 percent Correct Answer Incorrect Answer
    C 11.2 percent Correct Answer Incorrect Answer
    D 13.6 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      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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