Which bank has signed an agreement to buy a stake in a subsidiary of BSE 39 s India International Ex...........

Current GK (SBI-PO) International Funding institutions

Download Solution PDF

Which bank has signed an agreement to buy a stake in a subsidiary of BSE's India International Exchange (INX)?

AXIS Bank

HDFC Bank

ICICI

Yes Bank

SBI

छोटे Courses बड़े Results

Master International Funding institutions

Prepare through Micro-courses

Try Now

Explanation:

ICICI Bank has entered into an agreement with the BSE to buy a stake in its subsidiary INX - located at GIFT City Gujarat - for nearly Rs 31 crore.
India International Exchange (INX) - a wholly-owned subsidiary of the BSE - is India's first international exchange at International Financial Services Centre (IFSC) in GIFT City.
The investment is subject to regulatory approvals and comes at a cash consideration of up to Rs 305 million in tranches to acquire up to 9.9 per cent shareholding in INX, ICICI Bank said in a regulatory filing.

hence option 3 is correct answer