Question

Which of the following was described as the biggest ever cash purchase of the shares of a bank in India?

• A. Purchase of Nedungadi Bank shares by Punjab National Bank
• B. Amalgamation of Global Trust Bank with Oriental Bank of Commerce
• C. Merger of Centurion Bank of Punjab with HDFC Bank
• D. Purchase of State Bank of India shares from RBI by the Central Government.

Answer 1

The correct option is D

Purchase of State Bank of India shares from RBI by the Central Government.

Option : (D)