Question

    Which Indian bank has recently become the first in the

    country to execute an export finance transaction on RXIL Global IFSC Limited’s International Trade Financing Services Platform (ITFS), marking a notable advancement in digitization and cross-border business?
    A State Bank of India Correct Answer Incorrect Answer
    B ICICI Bank Correct Answer Incorrect Answer
    C YES BANK Correct Answer Incorrect Answer
    D HDFC Bank Correct Answer Incorrect Answer
    E Axis Bank Correct Answer Incorrect Answer

    Solution

    YES BANK has become the inaugural Indian bank to execute an export finance transaction on RXIL Global IFSC Limited’s International Trade Financing Services Platform (ITFS). The collaboration marks a significant stride in digitization and cross-border business for YES BANK.

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