2021
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
9.99%
|
|
|
9.79%
|
|
|
9.69%
|
|
|
9.89%
|
Detailed explanation-1: -IndusInd Bank on Friday informed that the bank has received an intimation from the Reserve Bank of India (RBI) that it has granted its approval to Life Insurance Corporation (LIC), shareholder of the bank, to raise stake in the private lender to up to 9.99%.
Detailed explanation-2: -The country’s largest insurer - LIC received approval from the Reserve Bank of India to raise its holding in private lender IndusInd Bank to 9.99 per cent from the existing 4.95 per cent.
Detailed explanation-3: -The Reserve Bank of India (RBI) has, by an order dated June 29, 2022, imposed a monetary penalty of ₹1 crore (Rupees One crore only) on IndusInd Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’.
Detailed explanation-4: -The government and Life Insurance Corp (LIC) together hold 94.72 per cent in IDBI Bank.