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Federal Bank crosses $ 200 mn in total business at IFSC banking

Federal Bank crosses $ 200 mn in total business at IFSC banking

Tuesday, April 11, 2017, 6:16 PM

Federal Bank has crossed $200 million in total business at its IFSC Banking Unit (IBU) in Gift City, Gujarat, the bank said today. Federal Bank commissioned its IFSC Banking Unit (IBU) in India's first International Financial Service Centre (IFSC) in GIFT City (Gujarat) in November 2015. The unit offers various financial services such as funded and non-funded facilities to overseas operations of Indian corporate.
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