Question

    Which bank has launched its branch in  GIFT-IFSC to

    offer corporate clients long- and short-term financing solutions through the IFSC branch, while providing an international financial banking experience within the India Standard Time (IST) zone?
    A HSBC India Correct Answer Incorrect Answer
    B Citi Bank Correct Answer Incorrect Answer
    C DBS Bank Correct Answer Incorrect Answer
    D Standard Chartered Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Citi has launched its branch at Gujarat international Financial Tec-City — International Financial Services Center (GIFT-IFSC).This branch will offer corporate clients long- and short-term financing solutions through the IFSC branch, while providing an international financial banking experience within the India Standard Time (IST) zone.The branch will offer external commercial borrowings and trade loans, addressing foreign currency funding requirements of multinationals, large local corporates and financial institutions, as well as emerging mid-corporates.

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