March 31, 2015 BY Mike Fox

Bank of America, Citi Bank, HSBC may set up offshore branches in India's new IFC GIFT City

Bank of America, Citi Bank and HSBC are interested in setting up offshore branches in India’s first international financial services centre (IFC) in Gujarat. AK Jha, CEO of the forthcoming GIFT City in India’s north was quoted as conveying to the Economic Times of India. "All Indian banks that have offshore branches are willing to…

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