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Name the bank which is categorized as Private Sector Lender by RBI recently.
- a)JK Bank
- b)IDBI Bank
- c)RBL Bank
- d)Yes Bank
- e)None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Name the bank which is categorized as Private Sector Lender by RBI rec...
On 14th March 2019, The Reserve Bank of India categorized IDBI Bank as a Private Sector Bank with effect from January 21, 2019 following Life Insurance Corporation of India (LIC) is acquiring 51 per cent of the total paid-up equity share capital of the bank. Following the appointment of MR Kumar as the Chairman of Life Insurance Corporation of India (LIC), Hemant Bhargava ceases to be the Non-Executive chairman of IDBI Bank as he no longer heads the parent company LIC.IDBI Bank has been under the Prompt Corrective Action (PCA) framework of RBI which bans it from corporate lending, branch expansions, salary hikes and other regular activities.IDBI has charted out a revival strategy to bring banking and insurance under one roof along with LIC. The bank also informed about appointment of LIC as a corporate agent under bancassurance channel.
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Name the bank which is categorized as Private Sector Lender by RBI recently.a)JK Bankb)IDBI Bankc)RBL Bankd)Yes Banke)None of theseCorrect answer is option 'B'. Can you explain this answer?
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Name the bank which is categorized as Private Sector Lender by RBI recently.a)JK Bankb)IDBI Bankc)RBL Bankd)Yes Banke)None of theseCorrect answer is option 'B'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Name the bank which is categorized as Private Sector Lender by RBI recently.a)JK Bankb)IDBI Bankc)RBL Bankd)Yes Banke)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Name the bank which is categorized as Private Sector Lender by RBI recently.a)JK Bankb)IDBI Bankc)RBL Bankd)Yes Banke)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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