2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Kashmir Bank
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Yes Bank
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Gujarat Bank
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Bank of Maharashtra
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Detailed explanation-1: -Bank of Maharashtra announced that it will sell its entire 4% ownership in India SME Asset Reconstruction Company for almost Rs 4 crore.
Detailed explanation-2: -Bank of Maharashtra will divest its entire stake of 4 per cent in India SME Asset Reconstruction Company for nearly Rs 4 crore.
Detailed explanation-3: -The bank will divest its entire stake in ISARC for a consideration of ₹3.92 crore. The transaction is expected to close by December 2022-end. A floor price of ₹9.80 per equity share has been proposed for the divestment. The bank holds 40 lakh equity shares or 4% at a face value of ₹10 each in ISARC.
Detailed explanation-4: -Ans. ARCIL was the first Asset Reconstruction Company in India.
Detailed explanation-5: -Pridhvi Asset Reconstruction And Securitisation Company Ltd.