The largest financial conglomerate of India is:

BANKING GENERAL KNOWLEDGE

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

A	HDFC Bank
B	ICICI Bank
C	IFCI
D	SBI

Explanation:

Detailed explanation-1: -Axis Bank is India’s third largest private sector bank that offers financial services for personal and corporate banking. As of April 2022, Axis Bank had 9.96 trillion Indian rupees of assets, giving the bank significant scale.

Detailed explanation-2: -✅ Which is the second largest bank in India? HDFC Bank is India’s second largest private-sector bank by assets and market capitalization. It has clocked the highest market capitalization worth 9.33 trillion at present.

Detailed explanation-3: -A financial conglomerate is a group or subgroup formed of companies that operate both in the banking or investment sector and in the insurance sector. It was deemed necessary to supervise these financial groups at the conglomerate level in addition to solo and group supervision.

There is 1 question to complete.