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

    Question

    The Competition Commission of India (CCI) has slapped a

    fine of Rs 40 lakh on which bank for failing to notify the regulator about its acquisition of a stake in CSC e-Governance? 
    A Axis Bank Correct Answer Incorrect Answer
    B HDFC Bank Correct Answer Incorrect Answer
    C YES Bank Correct Answer Incorrect Answer
    D Kotak Mahindra Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

       The Competition Commission of India (CCI) has slapped a fine of Rs 40 lakh on Axis Bank for failing to notify the regulator about its acquisition of a stake in CSC e-Governance.       The transaction under consideration comprised the acquisition of a 9.91 percent stake in CSC e-Governance by Axis Bank and got completed in November 2020.

    Practice Next