Question

    Government and LIC have shares of 94.72% in which of the

    following banks with LIC holding, 49.24 %?
    A State Bank of India (SBI) Correct Answer Incorrect Answer
    B HDFC Bank Correct Answer Incorrect Answer
    C IDBI Bank Correct Answer Incorrect Answer
    D Punjab National Bank (PNB) Correct Answer Incorrect Answer
    E Axis Bank Correct Answer Incorrect Answer

    Solution

    The government and Life Insurance Corp (LIC) together hold 94.72% in IDBI Bank. Of this, LIC's holding is 49.24%, while the government holds the rest 45.48%. Public shareholders hold 5.28%

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