Current Affairs · Banking and Agreements
Consider the following statements regarding the July 2025 agreement between CCIL IFSC and Standard Chartered Bank at GIFT City, Gandhinagar: 1. CCIL IFSC and Standard Chartered Bank have partnered to enable real-time USD transaction settlements at GIFT City. 2. Standard Chartered Bank's International Banking Unit (IBU) will act as the settlement bank for CCIL IFSC's Foreign Exchange Settlement System (FCSS). 3. The settlement system is exclusively for Euro transactions as a new benchmark for the region. Which of the statements given above is/are INCORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 2
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- 3Both 2 and 3
- 4Only 1
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