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flag Bank of Maharashtra gets RBI approval for its first IFSC Banking Unit in GIFT City, Gujarat.

flag 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. flag This will allow the bank to conduct offshore banking operations, offering international financial services and reducing reliance on foreign financial hubs. flag GIFT City aims to become a key fintech and investment hub, promoting local financial services and global syndications.

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