New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which bank has partnered  with commodities trader

    Maptrasco, announced the completion of the first “live” transaction of electronic Bills of Lading (eBL) for shipments between Singapore and India?
    A HSBC India Correct Answer Incorrect Answer
    B Standard Chartered Bank Correct Answer Incorrect Answer
    C DBS Bank India Correct Answer Incorrect Answer
    D Indian Overseas Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    DBS, in partnership with commodities trader Maptrasco, announced the completion of the first “live” transaction of electronic Bills of Lading (eBL) for shipments between Singapore and India. With this first shipment, businesses across Singapore and India can participate in the TradeTrust network via their respective choice of TradeTrust-enabled platforms to enable the digital trade finance of live shipments of goods between the two countries.

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