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RBL Bank opens IFSC banking unit at GIFT City

RBL Bank opens IFSC banking unit at GIFT City

Friday, April 7, 2017, 10:40 AM

Commencing its offshore banking operations from India, private sector lender RBL Bank announced the opening of its IFSC banking unit at the Gujarat International Finance Tec-City (GIFT City). RBI has permitted domestic public and private sector banks to open an IFSC banking units (IBU) at GIFT City to undertake foreign exchange transactions with resident and non-resident entities other than individuals.
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