Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 123)
123.
Which bank became the first Trading cum Clearing (TCM) Member at India International Bullion Exchange (IIBX)?
ICICI Bank
HDFC Bank
State Bank of India
Axis Bank
Answer: Option
Explanation:
State Bank of India (SBI) became the first bank to become a Trading cum Clearing (TCM) Member at India International Bullion Exchange (IIBX). This allows SBI's IFSC Banking Unit (IBU) to trade on the IIBX platform and act as a trading member and clearing member for importing gold through the bullion exchange, enhancing transparency and efficiency in India's Bullion Market.
Discussion:
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