BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which among the following public sector banks has announced that BNP Paribas Cardiff is keen to increase its stake from 26 percent to 36 percent?
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ICICI Bank
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Indian Bank
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State Bank of India
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Punjab National Bank
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Explanation:
Detailed explanation-1: -SBI Life Insurance Company Limited was established in 2001, as a joint venture between State Bank of India and BNP Paribas Cardif S.A. SBI Life has an authorized capital of Rs 2, 000 crores and a paid-up capital of Rs 1, 000 crores.
Detailed explanation-2: -SBI Life is an Indian life insurance company which was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. SBI has a 55.50% stake in the company and BNP Paribas Cardif owns a 0.22% stake.
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