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Banking - Current Affairs and GK

Q1:

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

A SBI

B HDFC Bank

C Axis Bank

D ICICI Bank

ANS:A - 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.