Question

    Which bank has submitted an application to the Monetary Authority of Singapore for a banking license?

    A Punjab National Bank (PNB) Correct Answer Incorrect Answer
    B State Bank of India (SBI) Correct Answer Incorrect Answer
    C HDFC Bank Correct Answer Incorrect Answer
    D ICICI Bank Correct Answer Incorrect Answer
    E Axis Bank Correct Answer Incorrect Answer

    Solution

    HDFC Bank Ltd, India’s biggest private sector lender, is seeking to open its first branch in Singapore, signaling its overseas ambitions after sewing up a landmark merger with mortgage financier Housing Development Finance Corp. last year

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