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    Question

    Which of the following companies was the first to set up a branch in GIFT City's International Financial Services Centre (IFSC)?

    A ICICI Bank Correct Answer Incorrect Answer
    B Standard Chartered Bank Correct Answer Incorrect Answer
    C Kotak Mahindra Bank Correct Answer Incorrect Answer
    D Yes Bank Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    ICICI Bank was the first bank to set up its branch in GIFT City's IFSC in 2015. The branch operates as a subsidiary of the parent company, ICICI Bank Limited. The branch provides services such as foreign currency loans, trade finance, and foreign currency remittances.

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