2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank has acquired a 10% stake in CSC Grameen e-Store?
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IDBI Bank
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HDFC Bank
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RBL Bank
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ICICI Bank
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Explanation:
Detailed explanation-1: -CSC SPV created the CSC Grameen e-store in which Tata Digital bought 5 per cent a year ago, HDFC bank 1.5 per cent and Adani Group being the latest investor.
Detailed explanation-2: -The 10% stake gives Adani Group a seat on the board of Grameen e-store, which is a wholly-owned subsidiary of CSC.
Detailed explanation-3: -The Grameen e-Store, launched in April 2020, offers a large range of products. including local handicrafts, groceries, and consumer durables in far-flung areas. It has touched a business of Rs 450 crore since its launch, the statement said.
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