Axis Bank Board classified which company as a 'public shareholder' of Axis Bank

Question

Axis Bank Board classified which company as a 'public shareholder' of Axis Bank from being a 'promoter'?

Options:

A . UIICL

B . NIACL

C . NICL

D . AICL

Answer: Option B

Public sector insurer The New India Assurance Co Ltd (NIACL) has been reclassified as a 'public shareholder' of Axis Bank from being a 'promoter' earlier.

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