Which of the following bank will raise Rs 271 crore from Life Insurance Corporation of India in preferential allotment of equity shares at Rs 37.74 apiece.

2016

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

A	Bharatiya Mahila Bank
B	Punjab & Sindh Bank
C	Dena Bank
D	UCO Bank

Explanation:

Detailed explanation-1: -KOLKATA: State-run UCO Bank said it will raise Rs 271 crore from Life Insurance Corporation of India in preferential allotment of equity shares at Rs 37.74 apiece. Uco Bank is one of the many lenders which are placing shares with LIC on preferential basis to bring down government stake and raise public holding.

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