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      Question

      Which is the 1st operational bank of GIFT

      City?
      A State Bank of India Correct Answer Incorrect Answer
      B Union Bank Correct Answer Incorrect Answer
      C Yes Bank Correct Answer Incorrect Answer
      D Punjab National Bank Correct Answer Incorrect Answer
      E Central Bank Correct Answer Incorrect Answer

      Solution

      Yes Bank Ltd is the first entity to start operations from Gujarat International Finance Tec-City (GIFT), the country’s first international financial services centre (IFSC). An IFSC banking unit (IBU) allows an Indian bank to deliver a complete range of products to its clients with foreign currency funding requirements.

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