Bank of Baroda has underwritten a $500 million five-year foreign currency term loan facility for OVL Overseas IFSC Limited, a wholly owned subsidiary of ONGC […]
Tag: GIFT City
Central Bank of India expands global reach with new IFSC unit at GIFT city
The Central Bank of India has received approval from the Reserve Bank of India to set up an International Financial Services Centre (IFSC) Banking Unit […]
Bank of Maharashtra to set its first international branch at GIFT City
Bank of Maharashtra (BoM) has received approval from the Reserve Bank of India (RBI) to set up an International Financial Services Centre (IFSC) Banking Unit […]
DBS launches new IFSC banking unit in GIFT City
DBS Bank Ltd., Singapore’s largest bank, on Monday, expanded its presence in India by inaugurating its new IFSC Banking Unit (IBU) in the Gujarat International […]
Public sector banks weigh consolidating foreign business at Gift City
The government has asked state-run lenders to explore consolidating their overseas business currently done through foreign branches in the International Financial Services Centre (IFSC) housed […]
End of ECB tax breaks a GIFT for Gujarat Financial Centre
As a decade of tax breaks offered by India to encourage overseas borrowing ends, Gujarat International Finance Tec-City (GIFT City) could take centre stage for […]