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    Question

    Where is the Bank of Maharashtra’s first international

    branch being established?
    A Singapore Correct Answer Incorrect Answer
    B Dubai Correct Answer Incorrect Answer
    C London Correct Answer Incorrect Answer
    D GIFT City, Gujarat Correct Answer Incorrect Answer
    E New York Correct Answer Incorrect Answer

    Solution

    The Bank of Maharashtra (BoM) received RBI’s approval to establish an IFSC Banking Unit (IBU) at GIFT City, Gujarat. GIFT City is India’s first International Financial Services Centre (IFSC), designed to reduce reliance on offshore financial hubs and promote global investments in India.

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