Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 75)
75.
Which entity received approval from the Reserve Bank of India for the acquisition of a 9.95% stake in Federal Bank, and also holds stakes in RBL Bank and Equitas Small Finance Bank?
ICICI Prudential Asset Management Company
HDFC Mutual Fund
SBI Mutual Fund
Axis Asset Management Company
Answer: Option
Explanation:
ICICI Prudential Asset Management Company Ltd (ICICI AMC) received approval from the Reserve Bank of India for acquiring up to a 9.95% stake in the Federal Bank. Additionally, ICICI AMC holds stakes in RBL Bank and Equitas Small Finance Bank, marking a significant move in the banking and financial sector.
Discussion:
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