2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank is to continue to operate as an ‘Indian private sector bank?
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SBI
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ICICI
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IDBI
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PNB
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Explanation:
Detailed explanation-1: -IDBI Bank will operate as an ‘Indian private sector bank’ after its strategic sale.
Detailed explanation-2: -The IDBI Bank is a private sector bank in India. The parent company of IDBI Bank is Life Insurance Corporation (LIC), or IDBI Bank can be called as the subsidiary of the Life Insurance Corporation (LIC). It has been offering banking and financial services since 1964.
Detailed explanation-3: -By legal standards, it was easier for the government to push through IDBI Bank as it was incorporated under the Companies Act and not a state-owned bank under the nationalisation laws.
There is 1 question to complete.