New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which bank is planning to raise Rs 250 crore through

    share sale to institutional investors in the third quarter of the current fiscal that  will help the bank achieve the twin objective of capital raising and dilution of the government's holding in the bank?
    A Punjab & Sind Bank Correct Answer Incorrect Answer
    B Punjab National Bank Correct Answer Incorrect Answer
    C Indian Overseas Bank Correct Answer Incorrect Answer
    D Indian Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Punjab & Sind Bank plans to raise Rs 250 crore through share sale to institutional investors in the third quarter of the current fiscal.  It will help achieve the twin objective of capital raising and dilution of the government's holding in the bank.

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