CTBC Bank GIFT City unit approved in Gujarat. Taiwan’s largest private bank expands operations in India, deepening international finance and boosting India-Taiwan economic ties. Taiwan’s CTBC Bank to Open New Unit in GIFT City Taipei-based CTBC Bank Expands in IndiaTaiwan’s largest private bank, CTBC Bank, has formally applied to the International Financial Services Centres Authority…
Mashreq Bank becomes the first UAE-based bank to receive IFSCA approval for setting up a branch in GIFT City, marking a major milestone in India-UAE financial cooperation. Mashreq Becomes the First UAE Bank to Enter GIFT City Introduction Mashreq Bank, a prominent financial institution from the United Arab Emirates (UAE), has secured in-principle approval from…
French banks in GIFT City mark a major step in India’s journey to become a global financial hub. Learn about IFSC banking units and their role in India’s international finance landscape. Modernizing India’s Finance HubIndia’s GIFT City in Gujarat is rapidly ascending as a global financial destination. Leading French banks—Natixis and Crédit Agricole—have secured approvals…
SBI Seeks $1.25 Billion in 2024’s Largest Dollar-Denominated Loan Introduction to SBI’s $1.25 Billion Loan Request In a significant development in the global financial sector, the State Bank of India (SBI) is seeking a loan of $1.25 billion in the largest dollar-denominated loan transaction of 2024. This move is a part of SBI’s strategy to…
Bank of Baroda to Sell Oman Operations to Bank Dhofar Overview of the Deal Bank of Baroda (BoB), one of India’s leading public sector banks, has announced the sale of its operations in Oman to Bank Dhofar. This strategic move aligns with BoB’s focus on strengthening its balance sheet and optimizing its international operations. The…
