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  Bank in gift city

Yes Bank – Yes Bank is the first bank to start its operations of IFSC Banking by setting up an IBU in GIFT City. The Bank is one of the leading private sector bank and the IBU will help it in the growth plans.

The IBU will help the Bank in accessing International Financial Markets and it also provides its customers a new product for the corporate houses which require foreign currency funding.

It will open the options of MTNs and other foreign currency funding routes for the bank. The IBU will diversify the product mix of the bank and help in expanding its cross-border products.

Other Banks to set-up operations as IBU are:

  • State Bank of India
  • ICICI Bank
  • Kotak Mahindra Bank
  • Federal Bank
  • Corporation Bank
  • IndusInd Bank
  • Punjab National Bank
  • RBL Bank
  • IDBI Bank
  • SIDBI

 

 

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