📋 Tender Overview
Scope : To Set up International Financial Services Centre (IFSC) Banking Unit at GIFT City, Gujarat
Australia and New Zealand Banking Group (ANZ) is poised to establish its presence at the International Financial Services Centre (IFSC) in GIFT City. This move marks ANZ as the first Australian bank to establish an IFSC banking unit (IBU) at GIFT City, bringing the total number of IBUs to 28. ANZ has already submitted its application to the IFSC Authority, with approval expected soon.
Once approved, ANZ will offer services such as external commercial borrowing (ECB) and trade finance facilities.
Considered one of Australia’s largest banks, ANZ’s entry into GIFT City highlights the centre’s growing prominence as an international financial hub.
IFSC banking unit provide ECB, trade finance, foreign currency loans and other services. Presence of large number banks is a testimony to the growing business opportunities in India’s IFSC.
