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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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