2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC Bank
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Kotak Mahindra Bank
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SBI
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Bank of Baroda
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Detailed explanation-1: -Kotak Mahindra Bank has issued the first-ever foreign portfolio investor (FPI) licence to the GIFT IFSC alternative investment fund (AIF) of True Beacon Global.
Detailed explanation-2: -Regulated by SEBI, the FPI regime is a route for foreign investment in India. The FPI regime came as a harmonised route of foreign investment in India, merging the two existing modes of investment, that is, Foreign Institutional Investor (’FII’) and Qualified Foreign Investor (’QFI’).
Detailed explanation-3: -Foreign portfolio investment (FPI) involves holding financial assets from a country outside of the investor’s own. FPI holdings can include stocks, ADRs, GDRs, bonds, mutual funds, and exchange traded funds.
Detailed explanation-4: -The correct answer is BNP Paribas. BNP Paribas is a foreign bank operating in India as of 31st May 2021.
Detailed explanation-5: -Detailed Solution. The correct answer is Federal Bank.