Which of the following private sector bank has acquired BSS Microfinance in an all-cash deal for Rs 139.2 crore.

2016

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

A	ICICI Bank
B	Yes Bank
C	Axis Bank
D	Kotak Mahindra

Explanation:

Detailed explanation-1: -The cost of acquisition or the price at which Kotak Mahindra Bank has acquired shares of BSS Microfinance is Rs 139.2 crore.

Detailed explanation-2: -DEVARAJAN KANNAN His SBU encompasses Agri Finance, Commercial Vehicles, Construction Equipment, Tractor Finance, and Microfinance.

Detailed explanation-3: -5.3 The beginning of the micro finance movement in India could be traced to the self-help group (SHG)-bank linkage programme (SBLP) started as a pilot project in 1992 by National Bank for Agricultural and Rural Development (NABARD).

Detailed explanation-4: -The average Bss Microfinance salary ranges from approximately ₹1.4 Lakhs per year for a Center Manager to ₹10.2 Lakhs per year for a Assistant Manager Operations.

Detailed explanation-5: -The Reserve Bank of India (RBI) shall regulate the micro finance sector; it may set an upper limit on the lending rate and margins of Micro Finance Institutions (MFIs).

There is 1 question to complete.