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      Question

      Which two banks are involved in the recently approved

      merger by CCI, making AU Small Finance Bank the first Indian bank to execute an export finance transaction on RXIL’s International Trade Financing Services Platform (ITFS)?
      A HDFC Bank and ICICI Bank Correct Answer Incorrect Answer
      B ICICI Bank and Axis Bank Correct Answer Incorrect Answer
      C YES BANK and HDFC Bank Correct Answer Incorrect Answer
      D Axis Bank and YES BANK Correct Answer Incorrect Answer
      E Fincare Small Finance Bank and AU Small Finance Bank Correct Answer Incorrect Answer

      Solution

      Explanation:

      CCI has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank, making AU SFB the first Indian bank to execute an export finance transaction on RXIL’s ITFS platform.

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