2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Standard Chartered Bank
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Swiss Bank
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HSBC India
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DBS Bank
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Detailed explanation-1: -This is a landmark transaction in the Indian market and the first green loan aligned with the Green Loan Principles in the renewables sector by HSBC in India.
Detailed explanation-2: -HSBC is the first foreign bank in India to have launched this initiative. The bank is already known for its expertise in green loans across sectors.
Detailed explanation-3: -DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly-owned, locally incorporated subsidiary of a leading global bank.
Detailed explanation-4: -The correct answer is DBS Bank India. DBS Bank India has announced the launch of its Green Deposit Programme for corporate clients providing a simple way for companies to support environmentally friendly projects or avenues.