BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which Bank has raised its stake in Swadhaar Finserve Pvt. Ltd to 100% from 60.48%?
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Bank of Baroda
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ICICI Bank
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State Bank of India
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RBL Bank
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Explanation:
Detailed explanation-1: -Mumbai: RBL Bank on Thursday said it has raised its stake in Swadhaar Finserve Pvt. Ltd to 100% from 60.48%. The bank has bought the stake it did not own from US –based non-profit Accion.
Detailed explanation-2: -The name of the bank has changed from Ratnakar Bank to its current name RBL Bank according to a new memorandum of association issued by the RoC on 24 November 2014.
Detailed explanation-3: -RBL Bank is one of India’s older private commercial banks and was incorporated in 1943.
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