Punjab & Sind Bank Gets RBI Nod for GIFT City Branch, Eyes Global Finance
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News18•29-01-2026, 18:45
Punjab & Sind Bank Gets RBI Nod for GIFT City Branch, Eyes Global Finance
- •Punjab & Sind Bank received RBI approval to open a branch at the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar, Gujarat.
- •This move signifies the bank's strategic entry into global financial services and international banking operations.
- •GIFT City IFSC is India’s leading international financial hub, facilitating cross-border financial transactions and offshore banking.
- •The new branch will enhance the bank's capabilities in foreign currency lending, trade finance, treasury operations, and international banking.
- •MD and CEO Swarup Kumar Saha stated this aligns with the bank's vision to enter the international market and support India's global financial ambitions.
Why It Matters: Punjab & Sind Bank expands globally with a new branch in GIFT City, approved by RBI.
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