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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? 
    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. 

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