2. In 2008 State Bank of India got approval to start operations in Singapore . This was a consequence of an agreement between India and Singapore to open up their financial sectors to each other. Latest in the series is ICICI bank which has got a green light from Singapore’s regulators to begin retail operations in that country. The approval from the Monetary Authority of Singapore allows ICICI to open branches, take deposits, and give out loans like a local bank. In which year, the agreement to open up the financial sectors of each other was signed between India and Singapore?