Multiple choice

Which of the following banks got permission in March 2006 to open a representative office at Shenzhen (China)?

  1. Punjab National Bank

  2. Allahabad Bank

  3. Bank of Baroda

  4. Bank of India

  5. None of these

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

In March 2006, Allahabad Bank received permission from the Reserve Bank of India to open a representative office in Shenzhen, China. This was part of Indian banks' efforts to expand internationally and support trade between India and China. Shenzhen is a major economic hub near Hong Kong, making it strategic for banking operations. Punjab National Bank, Bank of Baroda, and Bank of India already had or sought different overseas operations at that time.