2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which subsidiary of ICICI Bank has ceased to function as the subsidiary of the bank?
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ICICI Lombard
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ICICI Direct
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ICICI Prudential
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ICICI Securities
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Explanation:
Detailed explanation-1: -Pursuant to the changes in the definition of subsidiary company and associate company, Shree Renuka Sugars Limited and National Investment and Infrastructure Fund Limited ceased to be associate companies of the Bank.
Detailed explanation-2: -ICICI Lombard ceases to be a subsidiary of ICICI Bank - The Hindu BusinessLine.
Detailed explanation-3: -Established in 2001, ICICI Lombard General Insurance Company is a joint venture between ICICI Bank- India’s second largest bank and Fairfax Financial Holdings Limited- a financial services company based in Toronto.
Detailed explanation-4: -BOR has since been merged with ICICI Bank.
There is 1 question to complete.