RBI has approved for the Government of the Union Territory UT of Ladakh to acquire percent of the pa...........

Current GK ( Master) Banking Awareness

RBI has approved for the Government of the Union Territory (UT) of Ladakh to acquire _______ percent of the paid-up equity capital of Jammu and Kashmir Bank Ltd.

7.26 %

8.23 %

9.12 %

10.36 %

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Explanation:

Government of the Union Territory (UT) of Ladakh has received the approval of the Reserve Bank of India (RBI) to acquire 8.23 percent of the paid-up equity capital of Jammu and Kashmir Bank Ltd.
This means that the ownership of 8.23 percent (4,58,29,445 Equity Shares) shareholding of J&K Govt. in Jammu and Kashmir Bank shall now be transferred to the Government of UT of Ladakh as on the date of enforcement of Jammu and Kashmir Reorganisation Act, 2019, i.e. October 31, 2019.