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Q: Which Bank has obtained RBI approval to open representative offices in Kuwait and Singapore?

  • 1
    SBI
  • 2
    Federal Bank
  • 3
    HDFC
  • 4
    ICICI
  • Show Answer
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Answer : 2. "Federal Bank"
Explanation :

Answer: B) Federal Bank Explanation: Federal Bank has obtained RBI approval to open representative offices at Kuwait and Singapore. The bank has been the preferred banker for NRI's and the NRI friendly measures have resulted in increasing inflow of foreign remittances. The bank already has its representative offices in Abu Dhabi and Dubai and it has tied up with 110+ overseas banks/remittance partners.

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