Kotak Mahindra Bank signed MoU with GIFT SEZ

Current Context: The Kotak Mahindra Bank Limited (KMBL) has signed MoU with Gujarat International Finance Tec-City- Special Economic Zone (GIFT SEZ) Limited, which is the wholly-owned subsidiary of GIFT City.

• They have signed MoU to boost financial services and enhance customers’ overall financial service offerings.
• They will work to promote GIFT International Financial Services Centre (IFSC) jurisdiction for Alternative Investment Fund (AIF) structures.
• They will arrange seminars to inculcate ease of doing business along with the global custody services.
• They will grant easy market access.
• They will also support cross-border activities for the fund management community.
• Static Part: 
• HQ of GIFT City: Gandhinagar, Gujarat
• HQ of KMBL: Mumbai

Question: 

Q.1 Which bank signed MoU with Gujarat International Finance Tec-City- Special Economic Zone (GIFT SEZ) Limited to boost financial services and enhance customers’ overall financial service offerings?
a. Kotak Mahindra Bank
b. State Bank of India
c. IDFC First Bank 

d. Punjab National Bank