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Which is the first foreign bank to launch operations at Gujarat International Finance Tec (GIFT)-City?
  • a)
    Standard Chartered
  • b)
    Citibank
  • c)
    DBS Bank
  • d)
    United Overseas Bank(UOB)
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which is the first foreign bank to launch operations at Gujarat Intern...
UK- based Standard Chartered will be the first foreign bank to launch operations at International Financial Service Centre (IFSC). The bank has received in-principle regulatory approvals to set up its IFSC Banking Unit (IBU) in Gujarat International Finance Tec-city (GIFT city).Tapan Ray, MD & CEO of GIFT City said that with the presence of Standard Chartered, the IFSC ecosystem will be formidable.
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Which is the first foreign bank to launch operations at Gujarat International Finance Tec (GIFT)-City?a)Standard Charteredb)Citibankc)DBS Bankd)United Overseas Bank(UOB)e)None of theseCorrect answer is option 'A'. Can you explain this answer?
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