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      Question

      Which bank became the first from UAE to receive

      in-principle approval for setting up an IBU in GIFT City?ย 
      A Emirates NBD Correct Answer Incorrect Answer
      B Mashreq Bank Correct Answer Incorrect Answer
      C Abu Dhabi Commercial Bank Correct Answer Incorrect Answer
      D First Abu Dhabi Bank Correct Answer Incorrect Answer
      E Union National Bank Correct Answer Incorrect Answer

      Solution

      Mashreq Bank became the first UAE-based bank to get approval for opening an IBU in GIFT City, Gujarat.ย 

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