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    Question

    The Reserve Bank has given its approval to SBI Mutual

    Fund (SBI MF) for acquiring up to 9.99% of the paid-up share capital or voting rights of which bank? 
    A Karur Vysya Bank Correct Answer Incorrect Answer
    B City Union Bank Correct Answer Incorrect Answer
    C Federal Bank Correct Answer Incorrect Answer
    D IDBI Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Reserve Bank has given its approval to SBI Mutual Fund (SBI MF) for acquiring up to 9.99% of the paid-up share capital or voting rights of Karur Vysya Bank Ltd (KVB).

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