BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI Life Insurance has received approval from the Securities and Exchange Board of India (SEBI) for an IPO of up to Rs 8, 400 crore ($1.3 billion) recently. IPO stands for-?
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Initial Public Offering
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Indian Public Offering
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Industrial Public Offering
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Initial Partnership Offering
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Explanation:
Detailed explanation-1: -Customer Identification File, or CIF number in general, is an electronic, 11 digit number that contains all the personal information of the customers of the bank.
Detailed explanation-2: -The Rs 8, 400 crore initial public offer was oversubscribed 3.58 times during September 20-22. SBI Life is a joint venture between India’s largest lender State Bank of India (SBI) and BNP Paribas Cardif (BNPPC), the insurance holding company of France.
Detailed explanation-3: -To know the SBI Life Insurance Policy Status through SMS, the policyholder requires sending the SMS to POLSTATUS « Space» (Policy Number) to 56161 or 9250001848.
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