![ICICI Bank To Raise Stake In ICICI Lombard General Insurance By Up To 4% ICICI Bank To Raise Stake In ICICI Lombard General Insurance By Up To 4%](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6iVgp9v-nJGd0P_niNmcOyxA2ymwSayiPUar8DOpZsdfsMlyx1E6JnUd9eeEpvbXm2l6PPlxSFSBsQAooAj0Qs6CSn7vu7kB54Hui2GoI98VrUNFfK8WxVhiI2b0FfphyD_U2vybFrPddEJyBwYgqpRjaFfetD6pYQczJqFtJ4-H8zpw7dnmoUteR/w320-h194-rw/30619118290_a1f734cc31_c.jpg)
- The bank currently owns 48.02 percent in the general insurance arm and it plans to acquire at least 2.5 percent of the 4 percent by September 9, 2024. This would make the general insurance company a subsidiary of the bank
- It could enable ICICI Bank to leverage the synergies between its banking and insurance operations and offer more integrated products and services to its customers
Question:
Q.1 How much stake does ICICI Bank plan to acquire in ICICI Lombard by September 9, 2024?a. 2.5%
b. 4%
c. 5.5%
d. 6%