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Standard Chartered launches operations at IFSC, GIFT City

Standard Chartered launches operations at IFSC, GIFT City

Submitted by • July 10, 2020 www.indiainfoline.com

The presence in IFSC GIFT City gives the Bank an opportunity to expand its business in trade, lending, financial market transactions and other structured products as approved by the regulators.

Over the last few months, the Reserve Bank of India (RBI) has enabled more and more banking products at IFSC. They announced the opening up of raising liabilities from non-individuals in GIFT City with no tenor restrictions and the most recent addition was trading in non-deliverable derivative (NDDC) products starting June 1, 2020.

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