Federal Bank has received Reserve Bank of India (RBI)s permission to open its first international branch at which place

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Federal Bank has received Reserve Bank of India (RBI)’s permission to open its first international branch at which place

A	Qatar
B	Singapore
C	Malaysia
D	Dubai

Explanation:

Detailed explanation-1: -In January 2008, Federal Bank opened its first overseas representative office in Abu Dhabi.

Detailed explanation-2: -The new branches include Mehdipatnam in Telangana, Bangalore / Thanisandra in Karnataka, Kanpur Ashok Nagar in Lucknow, Jabalpur in Madhya Pradesh, Sirunesalur and Mathandakuppam in Tamil Nadu.

Detailed explanation-3: -(FEDFINA) is a wholly owned subsidiary of the Federal Bank Ltd., a leading private sector bank. With the receipt of the NBFC license from the Reserve Bank in 2010, Fedbank is poised to be a top NBFC in the country with its extensive service portfolio and aggressive expansion blueprint.

Detailed explanation-4: -Federal 24 7 is a platform that helps you open and manage an account 24X7 without having to visit the branch. You can choose your preferred savings scheme from the bouquet of savings products available for resident customers and open an account instantly from the comfort of your home with Federal 24 7.

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