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    Question

    The RBI granted in-principle approval to which foreign

    bank to set up a Wholly Owned Subsidiary (WOS) in India?┬а
    A Mitsubishi UFJ Financial Group Correct Answer Incorrect Answer
    B Mizuho Bank Correct Answer Incorrect Answer
    C Sumitomo Mitsui Banking Corporation Correct Answer Incorrect Answer
    D Nomura Bank Correct Answer Incorrect Answer
    E Shinhan Bank Correct Answer Incorrect Answer

    Solution

    The RBI granted in-principle approval to Sumitomo Mitsui Banking Corporation (SMBC), Japan, to set up a Wholly Owned Subsidiary (WOS) in India under the RBI (Setting Up of Wholly Owned Subsidiaries by Foreign Banks) Guidelines, 2025.┬а

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