The Reserve Bank of India has accorded its approval to which state/UT to acquire 8.23 per cent of the paid-up equity capital of Jammu and Kashmir Bank Ltd?

• A. Punjab
• B. Ladakh
• C. Jammu and Kashmir
• D. New Delhi

Answer: (B)

The Reserve Bank of India has accorded its approval to the Government of the Union Territory (UT) of Ladakh to acquire 8.23 per cent of the paid-up equity capital of Jammu and Kashmir Bank Ltd as of the date of enforcement of the Jammu and Kashmir Reorganisation Act, 2019 (October 31, 2019).