Question

    Which bank has received approval from the Reserve Bank to make I-Process Services (India) Private Ltd a wholly-owned subsidiary?

    A HDFC Bank Correct Answer Incorrect Answer
    B State Bank of India (SBI) Correct Answer Incorrect Answer
    C Axis Bank Correct Answer Incorrect Answer
    D ICICI Bank Correct Answer Incorrect Answer
    E Punjab National Bank (PNB) Correct Answer Incorrect Answer

    Solution

    ICICI Bank has received a green signal from the Reserve Bank to make I-Process Services (India) Private Ltd a wholly-owned subsidiary of the lender. The bank currently holds a 19 percent stake in iProcess.

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