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Banking - Current Affairs and GK

Q1:

What percentage of stake does HDFC Bank plan to divest in HDFC Education and Development Services?

A 50%

B 75%

C 100%

D 25%

ANS:C - 100%

HDFC Bank intends to divest its entire 100% stake in HDFC Education and Development Services. This decision is part of the bank's strategy to ensure transparency and regulatory compliance in the selection process for a buyer through the Swiss challenge method.