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)?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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