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United Western Bank (UWB) was acquired by IDBI in which year ?

  • A.2006
  • B.2010
  • C.2011
  • D.2009

Answer: A

Correct answer: 2006

United Western Bank, based at Satara, was placed under moratorium by the Reserve Bank and amalgamated with IDBI Bank in 2006, which protected the depositors and gave IDBI some 230 branches in western India.

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