RBL Bank opens IFSC Banking Unit in GIFT City


Ratnakar Bank limited (RBL) Bank announced the opening of its Indian Financial System Code (IFSC) Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City).

The leading private sector bank had received an in-principle approval from RBI for setting up IBU in November, 2016. This will give RBL Bank access to international financial markets. RBL Bank will raise foreign currency funds to meet its requirements in IBU and fund offshore subsidiaries of Indian companies, other foreign firms, and eligible Indian companies.

Takeaways from above News- 
  • RBL bank has opened it’s IFSC banking unit in GIFT City
  • RBL bank headquarter is in Maharashtra
  • Slogan of RBL bank is ‘apno ka bank’ and it was founded in 1943
  • CEO of RBL bank is Vishwavir Ahuja

If you have any other takeaways, do share with us in the comment section
Source- Business Standard

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