Question

For an IFSC Banking Unit (IBU) of a foreign bank to

Q: Answer-For an IFSC Banking Unit (IBU) of a foreign bank to participate in the secondary market for Sovereig...

An IBU of a foreign bank can participate provided that the parent foreign bank already has an operating, licensed branch or subsidiary running a banking business inside mainland India.

participate in the secondary market for Sovereign Green Bonds, what condition must its parent bank satisfy?

A The parent bank must be headquartered in an equity-surplus G20 country.

B The parent bank must hold at least a 51% stake in an Indian public sector bank.

C The parent bank must already have an operating, licensed branch or subsidiary inside mainland India.

D The parent bank must be listed on both the BSE and NSE stock exchanges.

E The parent bank must maintain a green capital adequacy ratio of over 20%.

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For an IFSC Banking Unit (IBU) of a foreign bank to

Solution