Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 1766)
1766.
Which of the following is the first foreign lender to get RBI approval for subsidiary?
Answer: Option
Explanation:
Mauritius-based SBM Group has received Reserve Bank of India's approval to operate in the country through a wholly-owned subsidiary route. It is the first foreign lender to receive such a licence after local incorporation was introduced in 2013.
Discussion:
1 comments Page 1 of 1.
Bhavesh said:
7 years ago
Can anyone explain what is wholly owned subsidiary route?
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