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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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