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People’s Bank of China (PBOC) has acquired a stake in which Indian private sector bank?
A)
ICICI Bank
B)
IDBI Bank
C)
Axis Bank
D)
Yes Bank

Correct Answer : Option (A) - ICICI Bank


People’s Bank of China (PBOC) has acquired a small equity stake in the leading Indian private sector bank, ICICI Bank.
It is one among the 357 institutional investors which had subscribed to the issue of the Qualified institutional investors (QIP) placement, of Rs 15,000 crore. PBOC has invested Rs 15 crore in the issue. It had earlier bought a stake in leading institution, HDFC.

Published On : July 18, 2021
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