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    Question

    LIC recently increased its stake in which public sector

    bank from 4.05% to 7.10%?
    A Punjab National Bank Correct Answer Incorrect Answer
    B Union Bank of India Correct Answer Incorrect Answer
    C Bank of Maharashtra Correct Answer Incorrect Answer
    D Canara Bank Correct Answer Incorrect Answer
    E Indian Bank Correct Answer Incorrect Answer

    Solution

    Life Insurance Corporation of India (LIC), a major institutional investor in India, raised its stake in Bank of Maharashtra from 4.05% to 7.10% in 2024. This increase was part of its broader investment strategy to strengthen its portfolio in public sector banks.

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