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

A)
Axis Bank
B)
SBI
C)
HDFC Bank
D)
ICICI Bank

Correct Answer :   SBI


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.

Published On : April 11, 2024