RBL Bank gets in-principle nod to start ops from GIFT City

RBL Bank said it had applied for approval of Reserve Bank of India for opening of international financial services centre banking unit at Gujarat International Finance Tech-City (GIFT).
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

Dec 01, 2016, 08.27 AM | Source: PTI

RBL Bank gets in-principle nod to start ops from GIFT City

RBL Bank said it had applied for approval of Reserve Bank of India for opening of international financial services centre banking unit at Gujarat International Finance Tech-City (GIFT).

Like this story, share it with millions of investors on M3

RBL Bank gets in-principle nod to start ops from GIFT City

RBL Bank said it had applied for approval of Reserve Bank of India for opening of international financial services centre banking unit at Gujarat International Finance Tech-City (GIFT).

Post Your Comments

Share Cancel

| 1 Comments
RBL Bank gets in-principle nod to start ops from GIFT City
Private sector lender RBL Bank has received in-principle approval from RBI to open global financial services centre at GIFT City.

RBL Bank said it had applied for approval of Reserve Bank of India for opening of international financial services centre banking unit at Gujarat International Finance Tech-City (GIFT).

"In this regard,...the RBI vide its letter dated November 30, 2016 has granted in-principle approval for the aforesaid," the bank said in a regulatory filing.

GIFT City, India's first International Financial Services Centre (IFSC) was opened in April 2015.

The regulations governing GIFT City are aimed at creating a vibrant IFSC on the lines of those in Dubai and Singapore and check the flight of trading in rupee and Indian securities to such offshore financial hubs.

Several banks including State Bank of India (SBI), Kotak Mahindra Bank, ICICI Bank and YES Bank have started their international operations from GIFT City.

Buy, Hold, Sell ? Hear it first on M3
RBL Bank gets in-principle nod to start ops from GIFT City

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login