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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


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.

Published On : July 13, 2021
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