Bank of America, Citi Bank, HSBC may set up offshore branches in India’s new IFC GIFT City LeapRate

March 31, 2015 BY Mike Fox

Bank of America, Citi Bank, HSBC may set up offshore branches in India's new IFC GIFT City

Bank of America, Citi Bank and HSBC are interested in setting up offshore branches in India’s first international financial services centre (IFC) in Gujarat. AK Jha, CEO of the forthcoming GIFT City in India’s north was quoted as conveying to the Economic Times of India. "All Indian banks that have offshore branches are willing to…

New budget paves way for India's next generation international financial hub to become reality

The Union Budget, which is the annual budget of the Republic of India has cleared the path forward for the envisioned GIFT City, India's next generation and first international finance services center (IFSC). The budget, which is presented each year on the last working day of February by the Finance Minister of India in Parliament…

Tag: India finance

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