2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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South Africa
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Sudan
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Sri Lanka
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Switzerland
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Detailed explanation-1: -Seylan Bank opens INR Nostro account to catalyse Indo-Lanka trade. Seylan Bank, the Bank with a Heart, recently announced the opening of an Indian Rupee (INR) Nostro account with Indian Bank, Mumbai.
Detailed explanation-2: -Seylan Bank Limited is a public limited liability company, which was incorporated in Colombo on 28th August 1987 as “Seylan Trust Bank Limited” under the Companies Act No 17 of 1982. The Bank has changed its name on 6th July 1990 under section 20 (3) of the Companies Act No. 17 of 1982 as “Seylan Bank Limited".
Detailed explanation-3: -The Central Bank of Sri Lanka (CBSL) is the apex institution in the financial sector in Sri Lanka. It was established in 1950 under the Monetary Law Act No. 58 of 1949 (MLA) as a semi-autonomous body and is governed by a five member Monetary Board.