Multiple choice

The Govt. of India had purchased RBI's 59% stake in one of the major banks of India in about Rs.35531 crore. Which of the following is the name of that bank?

  1. UTI Bank (AXIS Bank)

  2. IDBI Bank

  3. State Bank of India

  4. ICICI Bank

  5. None of these

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

The Government of India acquired RBI's 59% stake in State Bank of India (SBI) for about Rs.35,531 crore, making SBI a government-owned bank. SBI is India's largest bank. The other options listed (UTI/AXIS Bank, IDBI Bank, ICICI Bank) were not the subject of this specific high-value government acquisition.