📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Which public sector bank has launched “Foreign

    Currency Loan against INR Deposits of Indian Companies for their Overseas Subsidiaries/Joint Ventures” at its branch in Gujarat International Finance Tec-City (GIFT City)?
    A Bank of India Correct Answer Incorrect Answer
    B Central Bank of India Correct Answer Incorrect Answer
    C Bank of Baroda Correct Answer Incorrect Answer
    D State Bank of India Correct Answer Incorrect Answer
    E Punjab National Bank Correct Answer Incorrect Answer

    Solution

    Bank of Baroda has launched “Foreign Currency Loan against INR Deposits of Indian Companies for their Overseas Subsidiaries/Joint Ventures” at its branch in Gujarat International Finance Tec-City (GIFT City). Under the new loan scheme, financial support to Overseas Subsidiaries/Joint Ventures of Indian corporates by leveraging their INR deposits, helping Indian companies meet the cash flow requirements for their international operations will be provided.

    Practice Next
    More Beepedia Questions

    Relevant for Exams:

    ask-question