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Banking & FinanceMedium

On which stock exchanges is the equity share capital of the acquirer listed?

  1. A.Only the National Stock Exchange of India
  2. B.Only the Bombay Stock Exchange
  3. C.The Bombay Stock Exchange and the National Stock Exchange of India
  4. D.The Calcutta Stock Exchange and the Bombay Stock Exchange

Correct answer

C. The Bombay Stock Exchange and the National Stock Exchange of India

Explanation

The correct answer is the Bombay Stock Exchange and the National Stock Exchange of India. Kotak Mahindra Bank is described as a scheduled commercial bank licensed by the central bank to carry on banking business, with its equity share capital listed on both these exchanges. Options A and B are wrong because each names only one of the two exchanges, and the listing covers both. Option D is wrong because the Calcutta Stock Exchange was not named at all. The acquirer existing lines of business are worth recalling alongside this fact, since they explain why the purchase fits: it already works in retail banking, wealth management and institutional banking, offering deposit accounts, loans, distribution and referral of third-party investment and insurance products, portfolio management and investment advisory, together with other allied and ancillary services in India.

Read the full article: CCI Clears Kotak Bank Buyout of Deutsche Bank India Unit

Q1.Banking & FinanceEasy

Which regulator approved the acquisition of a part of Deutsche Bank India business by Kotak Mahindra Bank?

  1. A.Securities and Exchange Board of India
  2. B.Reserve Bank of India
  3. C.Competition Commission of India
  4. D.Insurance Regulatory and Development Authority of India
Show answer
Correct answer: C. Competition Commission of India

The competition regulator cleared the proposed combination, which covers both the purchase of the target business and the related referral arrangements between affiliates of the two sides.

Q2.Banking & FinanceMedium

Which business of Deutsche Bank in India is being acquired by Kotak Mahindra Bank?

  1. A.Corporate and investment banking
  2. B.Retail, private banking and wealth management
  3. C.Custody and fund accounting
  4. D.Treasury and foreign exchange dealing room
Show answer
Correct answer: B. Retail, private banking and wealth management

The target business is precisely the retail banking and private banking segment together with the wealth management arm that the seller runs through its branches in India, and it is moving as a going concern on a slump sale basis.

Q4.Banking & FinanceEasy

Which attraction has become the first in the United Arab Emirates to accept UPI for e-commerce bookings?

  1. A.Museum of the Future
  2. B.At the Top, Burj Khalifa
  3. C.Dubai Frame
  4. D.Ferrari World Abu Dhabi
Show answer
Correct answer: B. At the Top, Burj Khalifa

NPCI International Payments Limited enabled UPI there in partnership with NEOPAY and Emaar Entertainment, and this is the first attraction anywhere in the Emirates to take UPI for online commerce rather than only for scanning a merchant code.