WHICH INDIAN BANK HAS GOT LICENSE FROM MYANMAR GOVERNMENT TO START...

23. Which Indian Bank has got license from Myanmar Government to start its operation in

Myanmar?

A. Indian overseas Bank

B. Canara Bank

C. State Bank of India

D. Punjab National Bank

Answer: C. State Bank of India

Explanation : Under the Junta rule, Myanmar’s banking system was closed for decades for outside

competition but now the country has allowed four Foreign Banks to operate in its territory namely

Vietnam’s Bank for Investment and Development Taiwan’s E.SUN Commercial Bank, South Korea’s

Shinhan Bank and State Bank of IndiA.