Central Bank of India Receives RBI Approval to Setup IFSC Banking Unit at Gift City, Gandhinagar

The Central Bank of India has received approval from the Reserve Bank of India to setup an IFSC Banking Unit (IBU) in GIFT City, Gandhinagar, Gujarat. This development is a significant milestone in the bank's growth story and will enable the bank to expand its international banking business and provide specialized banking services to its customers. The IBU will provide the bank access to international financial markets and allow it to deliver a complete range of products to its corporate clients with foreign currency funding requirements. The bank will offer a suite of services including foreign currency loans, trade finance solutions, treasury and risk management products, and enhanced convenient banking solutions to its customers.