Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1608)

2019-03-18 Banking

1608.

RBI allows HDFC Bank to hold how much percent in Bandhan Bank?

9.9

8.4

18.6

Answer: Option

Explanation:

HDFC, India's largest mortgage lender, which has agreed to merge its low-cost arm Gruh Finance Pvt. Ltd. with Bandhan Bank, can hold 9.9 percent in the bank, according to its exchange filing. That's the maximum a non-banking finance company can own in a private bank. HDFC had sought approval for 14.96 percent.