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

    Question

    Which Indian Bank terminates joint venture agreement

    with Fairfax Financial holdings?
    A Axis Bank Correct Answer Incorrect Answer
    B State Bank of India Correct Answer Incorrect Answer
    C HDFC Bank Correct Answer Incorrect Answer
    D ICICI Bank Correct Answer Incorrect Answer
    E Punjab National Bank Correct Answer Incorrect Answer

    Solution

    In pursuance of the proposed sale of part of its shareholding in ICICI Lombard General Insurance Company via an Initial Public offering, ICICI Bank said its joint venture agreement with Canada-based investment firm Fairfax Financial Holdings has been terminated.

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