9. Which of the following international organization has lead the race to buy stake in government controlled IDBI bank? A) Asian Development Bank B) Commonwealth Development Corporation C) International Finance Corporation D) GIC of Singapore E) None of these

9. Which of the following international organization has lead the race to buy stake in government controlled IDBI bank? A) Asian Development Bank B) Commonwealth Development Corporation C) International Finance Corporation D) GIC of Singapore E) None of these
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Answer :

C) International Finance Corporation Explanation: World Bank‘s private sector lending arm International Finance Corporation (IFC) has emerged as the top contender to buy around 15 per cent in government controlled IDBI Bank, even as talks have been held with at least three other players-GIC of Singapore, Asian Development Bank and Commonwealth Development Corporation. IFC is World Bank arm and is looking for a greater say in running IDBI.
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