Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1547)

2019-05-09 Banking

1547.

Which bank has acquired the shares in electric equipment maker CG Power?

HDFC Bank

SBI Bank

Axis Bank

Yes Bank

Answer: Option

Explanation:

Yes Bank has acquired eight crore shares in electric equipment maker CG Power and Industrial Solutions which were pledged to it by a borrower. The acquired shares represent 12.79% ownership in the company and will be valued at ₹292.56 crore. CG Power had a turnover of ₹6,287 crore in fiscal year 2017-18.