Which was the first Japanese bank to open a branch in Gujarat International Financial Tech City (Gift City)?

A)
Chase Bank
B)
Bank of America
C)
Deutsche Bank
D)
MUFG Bank

Correct Answer : Option (D) - MUFG Bank



MUFG Bank becomes the first Japanese bank to open a branch at Gujarat International Financial Tech City (GIFT City) in a bid to offer a wide range of banking services to both domestic and global clients.

MUFG Bank has already taken all necessary approvals from the International Financial Services Centre Authority (India) and the Financial Services Agency (Japan) to set up a branch at GIFT City.

MUFG had opened its first branch in Mumbai in 1953..

Source : New Indian Express

Published On : May 27, 2022
Category : Banking