Multiple choice

The GOI purchased RBIs 59% stake in

  1. ICICI Bank

  2. NABARD

  3. NHB

  4. IDBI Bank

  5. SBI

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

In 2007, the Reserve Bank of India (RBI) sold its 59% stake in State Bank of India (SBI) to the Government of India. This was done to eliminate the conflict of interest arising from RBI being both the banking regulator and a major shareholder in SBI.