India’s largest Qualified Institutional Placement (QIP) worth around Rs. 15,000 crore was raised by which Bank in June 2017?
A. HDFC Bank
B. SBI
C. PNB
D. ICICI Bank
Answer:B
India’s largest Qualified Institutional Placement (QIP) worth around Rs. 15,000 crore was raised by which Bank in June 2017?
A. HDFC Bank B. SBI C. PNB D. ICICI Bank
Explanation: State Bank of India (SBI) raised nearly Rs. 15,000 crore from institutional investors, both domestic and foreign, through the Qualified Institutional Placement (QIP) route. This QIP is the largest-ever in India and closed on 6 June 2017. State Bank of India (SBI) is understood to have received bids worth around Rs 22,000 crore in response to the placement of shares for around Rs 15,000 crore at a floor price of Rs 287.58. Detail explanation at INDIA GK App tinyurl.com/IndiaGK