Which of the following was the first foreign bank to open a branch in India?
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Citi Bank
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Chartered Bank
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American Express Bank
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ANZ Grindlays Bank
B
Correct answer
Explanation
Chartered Bank (now Standard Chartered) was the first foreign bank to open a branch in India in 1858 in Kolkata (then Calcutta), making it the correct answer. Citi Bank entered India much later (1902 in Calcutta), American Express in the 20th century, and ANZ Grindlays was also a later entrant.