New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Through which division did Canara Bank issue $300

    million worth of 5-year bonds?
    A IFSC Banking Unit Correct Answer Incorrect Answer
    B State Bank of India Correct Answer Incorrect Answer
    C HDFC Bank Correct Answer Incorrect Answer
    D UCO Bank Correct Answer Incorrect Answer
    E Axis Bank Correct Answer Incorrect Answer

    Solution

    Canara Bank raised $300 million through a 5-year bond issuance via its IFSC Banking Unit, marking a strategic step in the bank's ongoing efforts to strengthen its capital base under its $3 billion Medium Term Note (MTN) program.

    Practice Next

    Relevant for Exams: