Two more Russian banks have registered as foreign portfolio investors

Current Context: Tinkoff Bank and CentroCredit Bank registered as foreign portfolio investors on February 9, 2024.

• This brings the total number of FPI registrations from Russia to 10.
• Earlier, Sberbank became the first Russian bank to register with the Indian markets regulator as an FPI.
• Other Russian banks, including VTB, Sberbank, and Gazprombank, are also considering becoming FPIs to trade on Indian stock exchanges.
• This is a significant development in the financial sector as it indicates a growing interest in the Indian market among Russian banks.

Question:

Q.1 Which banks registered as foreign portfolio investors (FPIs) on February 9, 2024?
a. Sberbank and Gazprombank
b. VTB and Sberbank    
c. Tinkoff Bank and CentroCredit Bank
d. None of the above