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Punjab & Sind Bank Receives IFSCA Licence to Establish Banking Unit at GIFT City
2026-07-09 08:41:39
Business
179
New Delhi, July 08, 2026: Punjab & Sind Bank is pleased to announce that it has received the licence from the International Financial Services Centres Authority (IFSCA) on 07 July 2026 to establish an IFSC Banking Unit (IBU) at GIFT City, Gandhinagar.
This milestone marks a significant step in the Bank's journey towards expanding its international banking presence and offering world-class offshore banking services. The IBU will cater to the financing needs of corporate, financial institutions, importers and global investors through a range of foreign currency banking, trade finance, and other international financial services.
The Bank remains committed to supporting the Government of India's vision of developing GIFT IFSC into a leading global financial centre while strengthening its international business capabilities.
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