adplus-dvertising
CURRENT AFFAIRS QUIZ - 2019
Which bank form venture with Centrum Wealth to provide wealth management services?
A)
Punjab National Bank
B)
Karur Vysya Bank
C)
IDBI Bank
D)
Lakshmi Vilas Bank

Correct Answer : Option (B) - Karur Vysya Bank

Note : Karur Vysya Bank Ltd (KVB) partnered with Centrum Wealth Management Ltd(Centrum) to form private limited Joint Venture(JV) to provide wealth management services to its clients. KVB will hold 51% of the share capital, Centrum will hold 45% and the remaining 4% will be held by the JV's Staff.