Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 136)
136.
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?
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.
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