New Delhi, Dec 5 (PTI) Banking assets in GIFT City have exceeded USD 100 billion, with growing demand for trade finance, treasury and structured products, an HSBC and EY India compendium said.

The compendium offers a structured view of the regulatory, tax, and operating environment that underpins the International Financial Services Centre at GIFT City in Gandhinagar.

The compendium notes that banking continues to anchor GIFT City’s growth, with significant expansion in the International Banking Units (IBUs), with consolidated assets now exceeding USD 100 billion.

Trade finance, treasury operations, and cross-border lending have seen a marked uptick as global and Indian banks increasingly use IFSC to centralise offshore operations, it said.

It highlights a clear shift from basic bookin

See Full Page