Punjab & Sind Bank gets approval to set up IFSC banking unit at GIFT City
Last Updated:July 08, 2026, 17:15 ISTRepresentational image (Image: News18)New Delhi, Jul 8 (PTI) State-owned Punjab & Sind Bank on Wednesday said it has received the licence from the International. . .
Last Updated:July 08, 2026, 17:15 ISTRepresentational image (Image: News18)New Delhi, Jul 8 (PTI) State-owned Punjab & Sind Bank on Wednesday said it has received the licence from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) at GIFT City, Gandhinagar. This marks a step in the bank’s journey towards expanding its international banking presence and offering world-class offshore banking services, Punjab & Sind Bank said in a statement. 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, it said. 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, it said. PTI DP SHM(This story has not been edited by News18 staff and is published from a syndicated news agency feed -PTI)News18 NewsletterHandpicked stories, in your inboxA newsletter with the best of our journalismFirst Published:July 08, 2026, 17:15 ISTNewsagency-feedsPunjab & Sind Bank gets approval to set up IFSC banking unit at GIFT CityDisclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to ourTerms of UseandPrivacy Policy. Loading comments. . . Read More