Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1998)

2017-10-08 Banking

1998.

For which bank the government has increased its stake in the company to 77.79%?

Bank of Baroda

IDBI

Corporation Bank

Central Bank of India

Answer: Option

Explanation:

IDBI Bank informed that its promoter the government of India, has increased its stake in the company to 77.79% by acquiring 3.81% shares through preferential allotment. The government of India has acquired 3.81% shares carrying voting rights in the company due to preferential allotment of equity shares.