Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1533)

2019-05-25 Banking

1533.

Name the bank which agrees to buy stake in INX for Rs 31 crore.

Yes Bank

Axis Bank

HDFC Bank

ICICI Bank

Answer: Option

Explanation:

ICICI Bank has entered into an agreement with the Bombay Stock Exchange (BSE) to buy stake in its subsidiary India International Exchange (INX) which is located at Gujarat International Financial Tec-City (GIFT City) Gujarat for around Rs 31 crore. ICICI is buying stake up to 9.9 % in INX.