2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State Bank of India
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Canara Bank
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Bank of Baroda
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Punjab National Bank
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Detailed explanation-1: -The stake in IFSC is “to be acquired subject to maximum investment of Rs. 34.03 crore", SBI informed the stock exchanges.
Detailed explanation-2: -State Bank of India on Thursday said it will acquire up to 9.95 per cent stake in India International Clearing Corporation (IFSC) Ltd subject to maximum investment of ₹34.03 crore. The Clearing Corporation is a GIFT City (Gandhinagar, Gujarat) based Market Infrastructure Institution (MII).
Detailed explanation-3: -SBI said the investment is aimed at strengthening the financial markets infrastructure.
Detailed explanation-4: -State Bank of India Chairman Dinesh Kumar Khara “Till March 2023, we are required to hold 26 percent stake (in Yes Bank).
Detailed explanation-5: -Post March, 2023, SBI stake in Yes Bank will come down to 24%: Prashant Kumar.