Central Bank of India gets approval from RBI to set up IFSC Banking Unit in GIFT City

State-owned Central Bank of India has received approval of Reserve Bank of India with its letter dated 11th August, 2025 to setup an IFSC Banking Unit (IBU) in GIFT City, Gandhinagar, Gujarat.

The opening of IBU in Gift City will be significant milestone in Bank’s growth story. This development will benefit us to expand our international banking business and also enable us to provide specialized banking services to our customers.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : ONGC and Oil India Sign Joint Operating Agreement for three Blocks awarded in OALP round IX

The IBU will provide the Bank to access International financial markets and allow delivering complete range of products to its corporate clients with foreign currency funding requirements.

The Bank will offer suite of services including foreign currency loans, trade finance solutions, treasury and risk management products and enhanced convenient banking solutions to its customers.

Shares of Central Bank of India are closed at Rs 36.10, higher by 0.56% at BSE

Read Also : Central Bank of India gets approval from RBI to set up IFSC Banking Unit in GIFT City

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}