How much had IFSC Banking Units at GIFT City sanctioned under the RBI's FCNR(B) swap facility as on 31 August 2026?
- A.USD 28.60 billion
- B.USD 37.26 billion
- C.USD 54.02 billion
- D.USD 62.40 billion
Correct answer
Explanation
The correct answer is USD 54.02 billion. That is the figure twenty IFSC Banking Units had sanctioned under the Reserve Bank's special swap facility for FCNR(B) deposits as on 31 August 2026, and about USD 52.82 billion of it had already been disbursed. Options A and B are real numbers from the same release but from earlier dates in the same month: sanctions stood at USD 28.60 billion on 14 August and USD 37.26 billion on 21 August. The question is a test of whether the candidate tracks the date attached to each figure, because the amount nearly doubled inside a fortnight. Option D does not appear in the release at all. A useful way to hold the story together is the pair of figures that bracket it: USD 54.02 billion sanctioned and USD 52.82 billion disbursed, the small gap between them being the part not yet drawn down.
Read the full article: GIFT IFSC Banks Disburse $52.82 Billion Under RBI Swap Facility
Practice Questions
Under which law was the International Financial Services Centres Authority established?
- A.The SEBI Act, 1992
- B.The IFSCA Act, 2019
- C.The Banking Regulation Act, 1949
- D.The FEMA, 1999
Show answer
The release describes IFSCA as the unified regulatory authority set up by the Government of India under an Act of Parliament for the development and regulation of financial products, financial services and financial institutions in India's International Financial Services Centres.
Read the full explanation →How much did Indian banks raise through bond listings on IFSC exchanges between April and August 2026?
- A.USD 9.17 billion
- B.USD 11.12 billion
- C.USD 11.62 billion
- D.USD 14.80 billion
Show answer
Indian banks raised that amount through bond listings on IFSC exchanges over the five months from April to August 2026.
Read the full explanation →Who is the Chairperson of IFSCA, as named in the release?
- A.K. Rajaraman
- B.Shaktikanta Das
- C.Tuhin Kanta Pandey
- D.Mia Oka
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He is quoted in the release saying that the rapid scale-up of banking activity at GIFT-IFSC shows the depth and growing international orientation of India's International Financial Services Centre, and that the centre is serving as an effective bridge between global pools of capital and India's financing needs.
Read the full explanation →On which stock exchanges is the equity share capital of the acquirer listed?
- A.Only the National Stock Exchange of India
- B.Only the Bombay Stock Exchange
- C.The Bombay Stock Exchange and the National Stock Exchange of India
- D.The Calcutta Stock Exchange and the Bombay Stock Exchange
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Kotak Mahindra Bank is described as a scheduled commercial bank licensed by the central bank to carry on banking business, with its equity share capital listed on both these exchanges.
Read the full explanation →Which business of Deutsche Bank in India is being acquired by Kotak Mahindra Bank?
- A.Corporate and investment banking
- B.Retail, private banking and wealth management
- C.Custody and fund accounting
- D.Treasury and foreign exchange dealing room
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The target business is precisely the retail banking and private banking segment together with the wealth management arm that the seller runs through its branches in India, and it is moving as a going concern on a slump sale basis.
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