Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 138)

2024-04-11 Banking

138.

Which bank participated in the first Credit Default Swap (CDS) trade under the new RBI guidelines?

SBI

HDFC Bank

Axis Bank

ICICI Bank

Answer: Option

Explanation:

State Bank of India (SBI) engaged in the first Credit Default Swap (CDS) trade under the new RBI norms, partnering with Standard Chartered Bank India for a ₹25 crore transaction. This signifies a significant development in credit risk management and financial instrument sophistication in India.