GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Nainital Bank is a subsidiary of which of the following banks?
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Syndicate Bank
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Bank of Baroda
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State Bank of India
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Reserve Bank of India
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Explanation:
Detailed explanation-1: -Bank of Baroda (BoB) has decided to bring in a strategic partner in its subsidiary Nainital Bank Ltd. With this, the public sector bank is planning to divest its majority stake and relinquish its control of the subsidiary.
Detailed explanation-2: -The Bank has 6 wholly owned domestic subsidiaries namely BOB Financial Solutions Limited (erstwhile BOB Cards Ltd.), BOB Capital Markets Ltd, Baroda Asset Management India Limited, Baroda Trustee India Private Limited, BarodaSun Technologies Ltd and Baroda Global Shared Services Limited.
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