Which of the following bank has been categorized as a private sector lender following the acquisition of majority stake by Life Insurance Corporation?
Options
A. Axis Bank
B. HDFC Bank
C. IDBI Bank
D. Punjab National Bank
Correct Answer
IDBI Bank
Explanation
As per RBI notification, IDBI Bank has been categorized as a private sector lender following the acquisition of majority stake by Life Insurance Corporation. IDBI Bank has been under the prompt corrective action framework of RBI that bans it from corporate lending and branch expansions, salary hikes and other regular activities. In January 2019, LIC completed the process of picking up a controlling 51% stake in the nearly crippled IDBI Bank. IDBI Bank has been categorized as a 'private sector bank' with effect from January 21, 2019.
More questions
1. Which film has won the Golden Peacock award at the 2016 International Film Festival of India (IFFI)?
2. The world's largest open air theatre, 11-days Bargarh Dhanu Yatra that concluded in second week of January 2017 with the death King Kansa at the hands of his nephew Lord Krishna is held in which state?
The annual London Indian Film Festival (LIFF) opens today with the red-carpet world premiere of Hollywood-cum-Bollywood starrer "Love Sonia", a film by the Oscar-nominated producer of "Life Of Pi", David Womark. This year, there is also a special cinematic tribute to Bollywood star Sridevi, who died suddenly in February, with a screening of her 1987 box-office hit "Mr India". Another tribute screening is UK-based filmmaker Sangeeta Dutta's docu-feature "Bird of Dusk", in memory of the late Rituparno Ghosh.
4. Famous HIV/AIDS researcher Mark Wainberg passed away recently. He belonged to which country?
Indian women's hockey team defeated Malaysia by a solitary goal and won by 4-0 in the 5-match bilateral series held in Kuala Lumpur, Malaysia. India won with the help of Navjot Kaur's fine field goal in the 35th minute with a good defensive display. In the 5-match bilateral series, India won by 3-0, 5-0, draw 4-4 and win the last two matches 1-0 respectively.
7. The Union Cabinet approved the signing of a new Air Services Agreement with this country recently.
Government infused a capital of Rs. 205 crore into the state owned Bank of Maharashtra in lieu of preferential allotment of shares. After the Capital infusion, the shareholding of government in Bank of Maharashtra has increased to 87.74 % from 87.01%.
9. The Union Cabinet approved four GST related bill recently. Identify which of the following is not one of them.
Options
A. The Central Goods and Services Tax Bill 2017
B. The Integrated Goods and Services Tax Bill 2017
C. The Union Territory Goods and Services Tax Bill 2017