![Bank of Baroda divests 49% stake in Credit Card Subsidiary Bank of Baroda divests 49% stake in Credit Card Subsidiary](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEQiAF7RDi8_0na9KOPO71zwEmi0Xj9YYeImQnMPhWDGQ8bc5bmHfNb4looruHtTxpbKdKDeDElwD4zVudn507tH5rGcK6aR219DL1ouEHCqkkLrAJ8O-REeS93QoIsLOsCuOuoQHdSWIOgFyURmJDpkfXYbMQgfh3Zp_x9eV2McJ2x8nlNcW4x0VH/w320-h185-rw/Bank-of-Baroda.jpg)
- A timeline of 12 months is taken to partner with an organization for the process of disinvestment.
- ICICI Securities is the advisor for Bank of Baroda.
- By the end of March 2023, a credit of Rs.3500crores is expected.
- Card in force and credit expected by March 2024 is Rs.5500crores.
- In FY2022 and FY2023, the growth of BFSL is Rs.300 crore and Rs.100 crore respectively.
Question:
Q.1 Bank of Baroda is planning to divest ______stake on its subsidiary, Bank of Baroda Financial Solutions (BFSL)
a. 24%
b. 40%
c. 49%
d. 50%
b. 40%
c. 49%
d. 50%