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    Question

    Which of the following entities received a ‘Fit &

    Proper’ certificate from the RBI for potential acquisition of IDBI Bank?
    A State Bank of India Correct Answer Incorrect Answer
    B HDFC Bank Correct Answer Incorrect Answer
    C Fairfax Financial Correct Answer Incorrect Answer
    D Tata Group Correct Answer Incorrect Answer
    E ICICI Bank Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) granted ‘Fit & Proper’ certificates to Fairfax Financial, Emirates NBD, and Kotak Mahindra Bank as potential suitors for IDBI Bank. Fairfax Financial is one of the entities now eligible to proceed with the acquisition process.

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