CURRENT AFFAIRS

Detailed explanation-1: -Abhishek Mishra. Answer: Option D Explanation: According to HDFC Bank, it will acquire its venture capital subsidiary HVCL by buying out the State Bank of India’s 19.5 percent stake in the company.

Detailed explanation-2: -State Bank of India has a venture capital scheme operated through its subsidiary SBI Caps. ICICI flagged off a new venture capital company called Technology Development and Information Company of India with the objective of encouraging new technocrats in the private sector in high-risk areas.

Detailed explanation-3: -HDB Financial Services Limited is a subsidiary company of HDFC Bank.

Detailed explanation-4: -Venture capital generally comes from well-off investors, investment banks, and any other financial institutions. However, it does not always take a monetary form; it can also be provided in the form of technical or managerial expertise.

Detailed explanation-5: -Call ‘N’ Trade using our Centralised Dealing Desk at 33553366 (Prefix STD Code) and speak to our trained telebroking executives to place your trades at no extra cost. In store: Click Here to find our nearest branch.