Question
Which bank has launched its branch in GIFT-IFSC to
offer corporate clients long- and short-term financing solutions through the IFSC branch, while providing an international financial banking experience within the India Standard Time (IST) zone?Solution
Citi has launched its branch at Gujarat international Financial Tec-City — International Financial Services Center (GIFT-IFSC).This branch will offer corporate clients long- and short-term financing solutions through the IFSC branch, while providing an international financial banking experience within the India Standard Time (IST) zone.The branch will offer external commercial borrowings and trade loans, addressing foreign currency funding requirements of multinationals, large local corporates and financial institutions, as well as emerging mid-corporates.
A business firm has the following details as of 31.03.2023 :
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