New Prepare for NABARD 2025 exam - Based on last 4 year trend. March 5 at 5 PM. Register here

    Question

    Which two banks are involved in the recently approved

    merger by CCI, making AU Small Finance Bank the first Indian bank to execute an export finance transaction on RXIL’s International Trade Financing Services Platform (ITFS)?
    A HDFC Bank and ICICI Bank Correct Answer Incorrect Answer
    B ICICI Bank and Axis Bank Correct Answer Incorrect Answer
    C YES BANK and HDFC Bank Correct Answer Incorrect Answer
    D Axis Bank and YES BANK Correct Answer Incorrect Answer
    E Fincare Small Finance Bank and AU Small Finance Bank Correct Answer Incorrect Answer

    Solution

    Explanation:

    CCI has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank, making AU SFB the first Indian bank to execute an export finance transaction on RXIL’s ITFS platform.

    Practice Next

    Relevant for Exams: