Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1532)

2019-06-03 Banking

1532.

Which bank form venture with Centrum Wealth to provide wealth management services?

IDBI Bank

Lakshmi Vilas Bank

Karur Vysya Bank

Punjab National Bank

Answer: Option

Explanation:

Karur Vysya Bank Ltd (KVB) partnered with Centrum Wealth Management Ltd(Centrum) to form private limited Joint Venture(JV) to provide wealth management services to its clients. KVB will hold 51% of the share capital, Centrum will hold 45% and the remaining 4% will be held by the JV's Staff.