Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.134)

134. 

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

[A]. Yes Bank
[B]. Axis Bank
[C]. HDFC Bank
[D]. ICICI Bank

Answer: Option D

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.

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