Which bank executed its first trade borrowing transaction linked to SOFR? Options: A . &nbspAxis Bank B . &nbspICICI Bank C . &nbspKarnataka Bank D . &nbspYes Bank

Which bank executed its first trade borrowing transaction linked to SOFR?

Question

Which bank executed its first trade borrowing transaction linked to SOFR?

Options:

A . Axis Bank

B . ICICI Bank

C . Karnataka Bank

D . Yes Bank

Answer: Option D

The Private sector lender Yes Bank has executed its first Secured Overnight Financing Rate (SOFR) linked transaction.

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