Current Affairs · Banking Sector
In October 2025, Finance Minister Nirmala Sitharaman launched the Foreign Currency Settlement System (FCSS) in GIFT City to enable real-time foreign currency transaction settlements. Which bank was chosen as the U.S. dollar clearing bank for the FCSS in this initiative?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1ICICI Bank
- 2State Bank of India
- 3Standard Chartered India✓
- 4HDFC Bank
Correct answer
Standard Chartered India
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