Multiple choice

ICICI Bank has announced to reduce its stake in Federal Bank from 20.76% to 5%. It will sell its stake to

  1. National Bank of Pakistan

  2. International Finance Corporation

  3. ABN Amro

  4. State Bank of India

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

ICICI Bank sold its stake in Federal Bank to the International Finance Corporation (IFC) as part of its strategic divestment.