State-owned lender Punjab National Bank (PNB) had sold stake in its housing finance arm, PNB Housing Finance (PNBHF) to General Atlantic Group and Varde Partners for Rs 1, 851 crore at Rs 850 per share. PNB based in

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Mumbai
B	Kolkata
C	Hyderabad
D	New Delhi

Explanation:

Detailed explanation-1: -Kousgi has over 25 years of extensive experience in mortgage and retail lending businesses New Delhi: PNB Housing Finance has appointed Girish Kousgi as its Managing Director and Chief Executive Officer, effective October 21.

Detailed explanation-2: -The state-owned bank currently holds a 32% stake in the housing finance firm. Punjab National Bank said on Friday that the Reserve Bank of India had allowed it to invest ₹500 crore in the upcoming ₹2, 500 crore rights issue of PNB Housing Finance.

Detailed explanation-3: -Under the mortgage lender’s proposed ₹4, 000 crore deal with Carlyle Group, PNB Housing Finance was to make a preferential issue to investors, led by the private equity firm, at ₹390 per share.

Detailed explanation-4: -We are merit driven, fair, supportive, respect each other, believe in equal opportunity. We give responsibility and demand accountability.

There is 1 question to complete.