Gandhinagar: HDFC Bank Group today inaugurated its 16,250 square feet new office in GIFT City. HDFC Bank Ltd IBU, along with leadership from its group companies HDFC AMC International (IFSC) Limited, HDFC International Life and Re Co. Ltd, HDFC Capital Advisors Limited (IFSC Branch) and HDFC Securities IFSC Limited will now operate out of the Flex One building in GIFT City. More than 100 employees across the group entities will be based at the premises, serving both international and domestic clients from GIFT City.

The Statement of HDFC Bank Group on this occasion stated – ‘balance sheet of HDFC Bank GIFT City IBU has grown over four-fold over the past five years, closing FY 2025-26 with a balance sheet of over USD 5.5 billion. The HDFC Bank Group brings capabilities across banking, asset management, insurance, capital markets, and real estate investment. The GIFT City branch of these companies offers customers a comprehensive suite of products and services, including wholesale banking, an extensive range of Wealth Management solutions catering to the investment needs of Non-Resident Indians (NRIs) ( including foreign currency denominated CASA accounts, Term Deposits, USD denominated insurance, foreign currency Bonds, Global Mutual Funds, Alternate Investment Funds), structured trade and finance, cross border payments, bullion trading, funds and custody business, mutual funds, insurance, and life insurance products, among others.’

‘The Bank was amongst the first in the industry to participate in local USD clearing settlement system, which became operational in GIFT City last financial year. The Bank’s IBU was also registered as an International Financial Service Centre Insurance Intermediary Office, to act as a corporate agent for insurance; it obtained the capital market licence for wealth product distribution; became a trading-cum-clearing member (TMCM) on the Indian International Bullion Exchange for bullion and arranged over-the-counter products like foreign currency bonds and forwards.’ DeshGujarat