2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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ICICI
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IDBI
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PNB
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Detailed explanation-1: -IDBI Bank will continue to operate as an ‘Indian private sector bank’ after its strategic sale and the government’s residual 15 per cent stake in the lender post privatisation will be considered as ‘public shareholding’, the finance ministry said on Sunday.
Detailed explanation-2: -IAS Exam Latest Updates Private sector banks are those in which private individuals or private corporations own a significant portion of the bank’s equity. Even though these banks adhere to the guidelines of the country’s central bank, they are free to develop their financial strategies for their customers.
Detailed explanation-3: -Industrial Development Bank of India Limited.
Detailed explanation-4: -LIC will sell 30.24% of its 49.24% holding in the bank, while the government will dilute 30.48% of its 45.48% holding.