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

    Question

    ___________ will sell 6% stake in SBI Mutual Funds

    which is a joint venture between State Bank of India and France’s Amundi Asset management.
    A Bank of Baroda Correct Answer Incorrect Answer
    B ICICI Bank Correct Answer Incorrect Answer
    C SBI Correct Answer Incorrect Answer
    D Axis Bank Correct Answer Incorrect Answer
    E YES Bank Correct Answer Incorrect Answer

    Solution

    State Bank of India is looking to offload 6% of its stake in its mutual fund arm SBI Mutual Funds is a joint venture between State Bank of India and France’s Amundi Asset management. Currently, SBI has a 63% stake in the fund house, while Amundi Asset Management holds the remaining 37 per cent stake.  

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