BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IDBI & Canara Bank
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ICICI & HDFC
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IDBI & HDFC
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IDBI & ICICI
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Detailed explanation-1: -The other shareholders of ARCIL mainly include State Bank of India (20%), IDBI Bank (19%), ICICI Bank (13%), Punjab National Bank (10%) and GIC (5%).
Detailed explanation-2: -Arcil’s other large shareholders are State Bank of India (20%), ICICI Bank (13.26%) and Punjab National Bank (10%). The other shareholders include Singapore sovereign wealth fund GIC (5%) and ICICI Home Finance (2.26%). Karnataka Bank, South Indian Bank and Federal Bank jointly hold a 5.2% stake in the company.
Detailed explanation-3: -It is sponsored by prominent banks and financial institutions namely State Bank of India (SBI), IDBI Bank Limited (IDBI), ICICI Bank Limited (ICICI) and Punjab National Bank (PNB). ARCIL has acquired more than Rs. 70, 000 crore worth of NPAs from the Indian banking system.
Detailed explanation-4: -Canara Bank, the sponsor of NARCL, is the largest shareholder with 12% stake. Other largest public sectors namely State Bank of India (SBI), Union Bank of India (UBI), Bank of Baroda (BoB) and Indian Bank have 9.90% shareholding.
Detailed explanation-5: -ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED is a Public incorporated on 11-02-2002. It is classified as a Non-govt company and is registered at RoC-Mumbai. Their state of registration is Maharashtra. Its authorized share capital is 5000000000.00 and its paid-up capital is 3248971400.00.