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SBI Funds Management Limited received the RBI's approval to acquire up to what % stake in which bank?

1. SBI
2. ICICI Bank
3. IndusInd Bank
4. Yes Bank

Correct answer: IndusInd Bank

Solution

The Reserve Bank of India granted approval to SBI Funds Management Limited (SBIFML) to acquire up to 9.99% of the total paid-up share capital of IndusInd Bank under the RBI's ownership guidelines.

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