UCO Bank launches IFSC Banking Unit at GIFT City
Newsagency-feedsUCO Bank launches IFSC Banking Unit at GIFT CityLast Updated:August 13, 2026, 20:30 ISTRepresentational image (Image: News18)Kolkata, Aug 13 (PTI) UCO Bank has launched its International. . .
Newsagency-feedsUCO Bank launches IFSC Banking Unit at GIFT CityLast Updated:August 13, 2026, 20:30 ISTRepresentational image (Image: News18)Kolkata, Aug 13 (PTI) UCO Bank has launched its International Financial Services Centre (IFSC) Banking Unit (IBU) at GIFT City, marking its entry into the international banking hub and expanding its access to global financial services. The IBU will offer international banking services including trade finance, external commercial borrowings (ECBs), foreign currency loans, loan syndication, treasury services and other permitted financial services, a statement said. The unit will cater to Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers, helping them meet cross-border financing requirements and access global financial markets. UCO Bank said it is offering an interest rate of 6. 50 per cent on FCNR(B) deposits through the IBU, which has helped mobilise deposits and reflects growing customer confidence in its international banking offerings. The bank, which has over seven decades of international banking experience through its presence in Singapore and Hong Kong, said the GIFT City unit would leverage this expertise to support customers with cross-border financial requirements. The IBU is expected to serve as a bridge between Indian businesses and global financial markets and strengthen UCO Bank’s international banking operations, the lender said. PTI BSM NN(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 journalismKey Questions AnsweredPowered byAsk News18UCO Bank's new IFSC Banking Unit at GIFT City will offer Indian businesses and exporters international banking services such as trade finance, external commercial borrowings, and foreign currency loans, helping them meet cross-border financing needs and access global financial markets. Powered byAsk News18First Published:August 13, 2026, 20:30 ISTDisclaimer: 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