Multiple choice

Which is the first private sector bank to issue Equity Shares to retail investors at discount?

  1. Kotak Mahindra Bank Ltd.

  2. Yes Bank Ltd.

  3. IDBI Ltd.

  4. ICICI Bank Ltd.

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

ICICI Bank was the first private sector bank to issue equity shares to retail investors at a discount. This move was aimed at increasing retail participation in the bank's equity.