In which of the following banks in India LIC has completed the acquisition of 51 percent in stake ........

Static GK (SBI -PO) Banking Awareness

In which of the following banks in India, LIC has completed the acquisition of 51 percent in stake?

This questions was previously asked in

SBI PO Mains (29 Jan, 2021)

Dena Bank

IDBI Bank

Punjab National Bank

IDFC Bank

Bandhan Bank

- Option 1: Dena Bank

- Dena Bank was merged with Bank of Baroda in 2019, so LIC did not acquire a stake here.

- Option 2: IDBI Bank

- LIC completed the acquisition of a 51% stake in IDBI Bank in January 2019.

- This was part of efforts to infuse capital and revitalize the bank.

- Option 3: Punjab National Bank

- PNB is a major public sector bank, but there's no such acquisition by LIC for a 51% stake.

- Option 4: IDFC Bank

- IDFC Bank merged with Capital First to form IDFC FIRST Bank, and there was no LIC stake acquisition.

- Option 5: Bandhan Bank

- Bandhan Bank is a private bank with no significant LIC acquisition in terms of a 51% stake.

Submit Error