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    Question

    The Reserve Bank of India (RBI) has approved SBI Mutual

    Fund, along with other SBI group companies, to hold a 9.99% stake in which private bank?
    A HDFC Bank Correct Answer Incorrect Answer
    B ICICI Bank Correct Answer Incorrect Answer
    C Yes Bank Correct Answer Incorrect Answer
    D Axis Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    RBI has unveiled to ensure that the total shareholding of the SBI Group entities in ICICI Bank remains below 10% of the paid up equity capital of the bank at all times. This will be valid for a period of one year, that is, up to March 22, 2023.  

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