Bank of India acquires 6.125% stake in CCIL IFSC, a new entity in GIFT SEZ, advancing GIFT City's IFSC.
Bank of India has acquired a 6.125% stake in CCIL IFSC, a newly established entity in GIFT SEZ. This strategic move demonstrates the bank's commitment to advancing the International Financial Services Centre (IFSC) at GIFT City. CCIL IFSC, promoted by Clearing Corporation of India Limited, aims to establish a real-time foreign currency settlement system at GIFT City, fostering the development of its financial ecosystem.
June 10, 2024
3 Articles