HSBC inaugurates international banking unit at GIFT City
HSBC's IBU branch at Gujarat International Finance Tec City (GIFT City) will be operational for customer transactions with effect from January 27.
PTI
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Global financial services major HSBC on Tuesday inaugurated its International Banking Unit (IBU) branch at GIFT City near Gandhinagar city in Gujarat. HSBC is one of the earliest global financial institutions setting up a branch at India's GIFT City and was the first bank to get a licence from the newly set up International Financial Services Centres Authority (IFSCA), said a release by the company.
HSBC's IBU branch at Gujarat International Finance Tec City (GIFT City) will be operational for customer transactions with effect from January 27, the release said. Surendra Rosha, Group General Manager and CEO, HSBC India, said, "We have been closely partnering the development of GIFT City and are pleased with the rapid progress it has made, offering a great value proposition to global financial institutions."