Multiple choice

Which of the following became the 2nd Indian bank after State Bank of India to get full banking privileges in Singapore in 2010?

  1. ICICI Bank

  2. IndusInd Bank

  3. HDFC Bank

  4. Axis Bank

  5. IDBI Bank

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

The Monetary Authority of Singapore granted Qualified Full Banking (QFB) privileges to ICICI Bank on March 23, 2010. This allows India's largest private sector bank to have 25 points-of-presence in Singapore such as branches and ATMs and offer retail banking services and products. ICICI Bank is the second after State Bank of India to get QFB privileges.