Central Bank of India gets RBI nod for IFSC banking unit in GIFT City
August 14, 2025
Gandhinagar: State-run Central Bank of India has received approval from the Reserve Bank of India, via a letter dated August 11, 2025, to establish an IFSC Banking Unit (IBU) at GIFT City.
The bank described the upcoming IBU as a key milestone in its growth journey, enabling it to expand its international banking operations and offer specialised services to customers.
The IFSC Banking Unit (IBU) will allow the bank to access international financial markets and provide a full range of products to corporate clients with foreign currency requirements. Services will include foreign currency loans, trade finance solutions, treasury and risk management products, along with enhanced and convenient banking options for customers.
In Q1 FY26, the bank reported a standalone net profit of Rs 1,168.69 crore, up 32.81% from the same period last year, on a 9.2% rise in total income to Rs 10,374.12 crore compared to Q1 FY25. DeshGujarat
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