Question

    The Reserve Bank of India has accorded approval to ICICI

    Prudential Asset Management Company Ltd (ICICI AMC) for acquiring up to 9.95 per cent stake in three banks.Which of the following is not one of those banks ?
    A Bandhan Bank Correct Answer Incorrect Answer
    B RBL Bank Correct Answer Incorrect Answer
    C Federal Bank Correct Answer Incorrect Answer
    D Equitas Small Finance Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India has accorded approval to ICICI Prudential Asset Management Company Ltd (ICICI AMC) for acquiring up to 9.95 per cent stake in the Federal bank. Meanwhile, RBI also accorded approval to ICICI AMC to acquire 9.95 per cent stake in RBL Bank and Equitas Small Finance Bank.

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