2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Life Insurance Corporation of India has received the approval of RBI to increase its stake in Kotak Mahindra Bank from the present 4.96% to which percent?
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8.99%
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9.99%
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6.99%
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7.99%
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Explanation:
Detailed explanation-1: -LIC gets RBI’s approval to increase stake in Kotak Mahindra Bank.
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: -LIC gets RBI approval to hike stake in IndusInd Bank to up to 9.99%
There is 1 question to complete.