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    Question

    Which of the following two Russian Bank are the first

    foreign lenders to have received approval from the RBI towards settling international trade transactions in rupee?
    A Sberbank Correct Answer Incorrect Answer
    B VTB Bank Correct Answer Incorrect Answer
    C Moscova Bank Correct Answer Incorrect Answer
    D Both A and B Correct Answer Incorrect Answer
    E Both B and C Correct Answer Incorrect Answer

    Solution

    Russia’s two largest banks — Sberbank and VTB Bank — are the first foreign lenders to have received approval from the RBI towards settling international trade transactions in rupee.

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