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      Question

      Which of the following Bank has been permitted to set up

      its subsidiary in IFSC for providing specialized services as per Union Budget 2023 announcements
      A SIDBI Correct Answer Incorrect Answer
      B EXIM Bank Correct Answer Incorrect Answer
      C State Bank of India Correct Answer Incorrect Answer
      D NABARD Correct Answer Incorrect Answer
      E None Correct Answer Incorrect Answer

      Solution

      A subsidiary of the EXIM Bank of a country is proposed to be set up in IFSC for trade refinancing, would offer trade financing services to support international trade and commerce.

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