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 ?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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