Multiple choice

The first foreign bank that has been permitted by Reserve Bank of India to handle Currency Chest in India is

  1. Standard Chartered Bank

  2. China Trust Commercial Bank

  3. Hongkong & Shanghai Banking Corporation

  4. ABN Amro Bank

  5. Citi Bank

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

 Correct Ans. 1. In 2003, foreign banks were permitted for the first time to operate currency chests. Standard Chartered Bank — the largest and oldest foreign bank in the country was the first foreign bank to handle currency chests in India.