Question
The Reserve Bank of India (RBI) has approved SBI Mutual
Fund, along with other SBI group companies, to hold a 9.99% stake in which private bank?Solution
RBI has unveiled to ensure that the total shareholding of the SBI Group entities in ICICI Bank remains below 10% of the paid up equity capital of the bank at all times. This will be valid for a period of one year, that is, up to March 22, 2023.
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