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Bank of Maharashtra gets RBI approval for its first IFSC Banking Unit in GIFT City, Gujarat.
Government-owned Bank of Maharashtra has been approved by the RBI to set up its first International Financial Services Centre (IFSC) Banking Unit in GIFT City, Gujarat.
This will allow the bank to conduct offshore banking operations, offering international financial services and reducing reliance on foreign financial hubs.
GIFT City aims to become a key fintech and investment hub, promoting local financial services and global syndications.
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Bank of Maharashtra obtiene la aprobación de RBI para su primera Unidad Bancaria IFSC en la ciudad de GIFT, Gujarat.