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      Question

      Which of the following companies was the first to set up

      a branch in GIFT City's International Financial Services Centre (IFSC)?
      A ICICI Bank Correct Answer Incorrect Answer
      B Standard Chartered Bank Correct Answer Incorrect Answer
      C Kotak Mahindra Bank Correct Answer Incorrect Answer
      D Yes Bank Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      ICICI Bank was the first bank to set up its branch in GIFT City's IFSC in 2015. The branch operates as a subsidiary of the parent company, ICICI Bank Limited. The branch provides services such as foreign currency loans, trade finance, and foreign currency remittances.

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