Which bank was in news for raising Rs 550 crore from the Central Bank of Singapore, Government of Singapore and other mutual fund companies?

• A. ICICI Bank
• B. IndusInd Bank
• C. IDFC First Bank
• D. Equitas Small Finance Bank

Answer: (D)

Equitas Small Finance Bank has raised Rs 550 crore in total from the government of Singapore, Singapore's central bank (Monetary Authority of Singapore) and a host of local mutual funds in the qualified institutional placement of equities.