Bank of India also aims to touch a business of $4 billion with equal distributions of advances and deposits in the subsequent three years by March 2027 through its IFSC banking unit at GIFT City, its Managing Director and CEO Rajneesh Karnatak said.
Through the IBU the bank will provide a range of global banking solutions. On the loan side, it will give External Commercial Borrowings, Trade Finance Facilities, Foreign Currency Loans and Syndication Loans.
Bank of India inaugurates IFSC Banking Unit at GIFT City - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Bank of India targets $4-billion international business by 2026 financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.