2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank, along with Axis Bank, is to acquire a 9.94 percent stake each in Go Digit’s life insurance business?
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SBI
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HDFC
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PNB
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ICICI
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Explanation:
Detailed explanation-1: -HDFC Bank, Axis Bank to invest in Go Digit Life Insurance; Acquire 9.94% each. According to the regulatory filings, HDFC Bank and Axis Bank signed the definitive agreements to pick up a 9.94% equity stake each for a payment of ₹69.90 crore which will be made in two tranches.
Detailed explanation-2: -Axis Bank Limited (Registration No. CA0069) is a corporate agent of Bajaj Allianz General Insurance Company Limited and the insurance products are underwritten by Bajaj Allianz General Insurance Company Limited.
Detailed explanation-3: -HDFC Life Insurance Company Limited is a joint venture between HDFC Ltd., one of India’s leading housing finance institution and Standard Life Aberdeen, a global investment company.
There is 1 question to complete.