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The first foreign bank that was permitted by Reserve Bank of India to handle currency chests in India was
  • a)
    Standard Chartered Bank
  • b)
    China Trust Commercial Bank
  • c)
    Hongkong & Shanghai Banking Corporation
  • d)
    ABN Amro Bank
  • e)
    Citi Bank
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
The first foreign bank that was permitted by Reserve Bank of India to ...
In 2003, foreign banks were permitted for the first time to operate currency chests. Standard Chartered Bank, the largest and oldest foreign bank in the country, was the first foreign bank to handle currency chests in India.
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