Which of the following banks will set up Kukuza Project Development Company (KFDC) in Africa?
[A]State Bank of India
[B]United Bank of India
[C]Exim Bank of India
[D]Punjab National Bank

Exim Bank of India
The Exim Bank of India will set up the Kukuza Project Development Company (KPDC) in Africa to facilitate Indian participation in infrastructure projects across the continent. The other shareholders in the company are the IL&FS Group, African Development Bank and the State Bank of India (SBI). The purpose of this firm is to strengthen every partner, who will complement each other in building Indian project exports while simultaneously aiding the furtherance of economic and political ties between India and Africa.The KPDC will provide the entire gamut of project development expertise to such projects viz. project identification, pre-feasibility or feasibility studies, preparation of detailed project reports, environmental and social impact assessment, etc.