Question
Consider the following statements regarding Mashreq Bank’s entry into GIFT City: 1. Mashreq Bank is the first UAE-based bank to receive in-principle approval to open an International Financial Services Centre Banking Unit (IB
- I . 3. The branch will provide services such as foreign currency loans, trade finance, and treasury solutions. Which of the statements given above is/are correct?
- U in GIFT City, Gujarat. 2. The regulatory approval for setting up an IBU in GIFT City is granted by the Reserve Bank of India (RB
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