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IFSC BANKING UNIT
Why investors are ready to play in global equity leagueIndian investors are increasingly looking overseas as global markets outperform domestic equities, driven by themes like AI. While internat...- GIFT City showcases India’s scale, growth opportunities to global investors: SitharamanUnion Finance Minister Nirmala Sitharaman reviewed GIFT City in Gandhinagar. She noted its significant progress and strategic role in India...
- Central Bank of India to open 150 branches, recruit about 1,400 officers in FY27: MDCentral Bank of India is planning a major nationwide expansion with the opening of 150 new branches across India. To support its growth str...
- Central Bank to launch GIFT city branch next month: MDCentral Bank of India is set to launch its IFSC Banking Unit at GIFT City next month with an aim to expand its international banking operat...
- GIFT City vs Dubai vs Singapore: What you need to know while choosing your investment hubIndian wealth is increasingly seeking global anchors, with GIFT City, Dubai's DIFC and Singapore emerging as key contenders. Each hub offer...
- Buying property costing between Rs 20 lakh and Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax DepartmentThe Income Tax Department has introduced a new Form 97, replacing Form 60, for individuals without a PAN card undertaking specific transact...
- DBS launches new IFSC banking unit in GIFT CitySingapore's largest bank, DBS Bank Ltd, has opened its new IFSC Banking Unit (IBU) in India. The new unit, situated in the Gujarat Internat...
- RBI says banks can offer NDF contracts to resident Indians for hedgingThese contracts can be issued to non-retail residents for hedging purposes and settled in Indian rupees, the Reserve Bank of India said in ...
- Deutsche Bank gets nod to set up IFSC banking unit at GIFT CitySet up in 2015, International Financial Services Centre in GIFT City has attracted international and domestic players across the financial ...
- Govt should utilise IFSC platform to support export industry: OfficialsTo support the export industry amid a difficult economic scenario, the government has been requested to utilise IFSC platform at the GIFT C...
- RBI tweaks norms for setting up of IFSC Banking UnitsIn April 2015, the Reserve Bank had formulated a scheme for setting up of International Financial Services Centres (IFSC) Banking Units (IB...
- In a first, YES Bank to sell $300 million bonds through IFSC unitThis is the first overseas debt sale by a domestic issuer from the IFSC at the Gift City in Ahmedabad.
- Federal Bank crosses $ 200 mn in total business at IFSC banking unitFederal Bank -IBU has executed transactions in various segments such as Manufacturing, Metals, Media & Entertainment, Health care, Electric...
- IDBI Bank first state-run bank to open branch at IFSCIDBI Bank today became the first state-run lender to open an international banking unit (IBU) at the International Financial Services Centr...
- Business transactions in GIFT City to cross $1 billion by JuneTwo banks — Yes Bank and Federal Bank — have generated this sort of biz within 3 months of their IFSC Banking Units becoming operational at...
- Federal Bank opens unit at IFSCPrivate sector lender Federal Bank opened an international banking unit at the International Financial Services Centre in Ahmedabad, the fl...
- First International Financial Services Centre banking unit starts operations at GIFT CityThe country’s first IFSC has become operational at the Gujarat International Finance Tec-City (GIFT) with the launch of the country’s first...
- Yes Bank operationalises IFSC banking unit in GIFT CityYes Bank today said it has started operations from its IFSC banking unit at the Gujarat International Finance Tec City (GIFT).
- Banks can't deal in cash at IFSC: RBIRBI had issued relaxed norms for setting banking up units in the IFSC by relaxing the mandatory reserve requirements for domestic and forei...
- IBUs to be treated as foreign branches of Indian banksThe parent bank would be required to provide a minimum of $20 million upfront as capital, and the IBU shall have to maintain minimum capita...
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