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      Question

      CTBC Bank became the first Taiwanese bank to open a

      branch at GIFT City, Gujarat. The branch was established after obtaining approvals from which authority? 
      A Reserve Bank of India Correct Answer Incorrect Answer
      B International Financial Services Centres Authority (IFSCA) Correct Answer Incorrect Answer
      C Securities and Exchange Board of India Correct Answer Incorrect Answer
      D Ministry of Finance Correct Answer Incorrect Answer
      E Gujarat International Finance Tec-City Authority Correct Answer Incorrect Answer

      Solution

      CTBC Bank Co. Ltd. announced the opening of its new branch at GIFT City in Gandhinagar, becoming the first Taiwanese bank to establish its presence in India's premier International Financial Services Centre. The branch was established after obtaining the required approvals from IFSCA. CTBC Bank has existing branches in New Delhi and Kattupakkam, Chennai.

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