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      Question

      Which Shriram Finance subsidiary received in-principle

      approval from RBI to commence Primary Dealer business?
      A Shriram Capital Limited Correct Answer Incorrect Answer
      B Shriram Transport Finance Limited Correct Answer Incorrect Answer
      C Shriram Overseas Investments Limited Correct Answer Incorrect Answer
      D Shriram Insurance Broking Limited Correct Answer Incorrect Answer
      E Shriram Asset Management Limited Correct Answer Incorrect Answer

      Solution

      Shriram Finance Limited's wholly owned subsidiary, Shriram Overseas Investments Limited, received in-principle approval from RBI to commence Primary Dealer (PD) business. PDs act as intermediaries between RBI and financial markets in the Government Securities (G-Sec) ecosystem.

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