New Launch29 Dec 2025, 08:21 pm
Indian Overseas Bank Gets RBI Nod to Set Up IFSC Banking Unit at GIFT City
AI Summary
Indian Overseas Bank (IOB) has received permission from the Reserve Bank of India (RBI) to establish an IFSC Banking Unit (IBU) in GIFT City, Gujarat. The RBI's letter, Ref: DOR. LIC. No. $7403/23.13.004/2025-26, dated 29.12.2025, confirms this development. IOB stakeholders are requested to acknowledge this information, which is being shared in accordance with SEBI (LODR) Regulations and is to be uploaded on their respective websites.
Key Highlights
- Indian Overseas Bank receives RBI permission to set up an IFSC Banking Unit (IBU) in GIFT City, Gujarat.
- The establishment of the IBU is in line with SEBI (LODR) Regulations.
- Stakeholders are requested to acknowledge and upload the information on their websites.