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Banking

Q1: What entity has decided to increase its shareholding in Max Life Insurance by investing ₹336 crore?

A Axis Bank

B HDFC Bank

C South Indian Bank

D ICICI Bank

ANS:A - Axis Bank

Axis Bank has approved a proposal to acquire additional equity shares in Max Life Insurance for up to ₹336 crore, increasing its collective shareholding from 19.02% to 19.66%. This move is part of Axis Bank's strategy to strengthen its presence in the insurance sector, following previous investments aimed at enhancing its strategic position and influence within Max Life Insurance.



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