Two Japanese banks set to start operations in GIFT City

Two Japanese banks set to start operations in GIFT City:Two additional Japanese banks are poised to join the ranks of 10 foreign and 16 local banks already present in the tax-free GIFT City. This financial hub currently hosts over 550 businesses with a cumulative asset value of $47 billion, all of which have successfully registered and commenced operations, according to an official statement Two japanese banks gift city ifsc

Two Japanese banks set to start operations in GIFT City

Rajaraman said his recent delegation to Tokyo has resulted in two Japanese banks registering in the GIFT City, and more are expected as he continued discussions with potential businesses at the Singapore Fintech Festival being held 15-17 November 2023.

Two Japanese banks set to start operations in GIFT City

GIFT City Alternative Investment Funds, and Stock Exchanges in the Global Financial Network”

Two japanese banks gift city ifsc He reported that the business community targeted by the Indian government for integration into the global financial network already includes 78 fund managers overseeing 88 alternative investment funds. Additionally, 82 funds with a combined corpus of USD 90 billion, along with five insurance companies, and two stock exchanges – the GIFT CITY Nifty of the National Stock Exchange and a bullion exchange – are already active participants in this network.

READ: Deakin University at GIFT City starts admission process, to charge Rs 10.7 lakh per annum for m

Global Financial Solutions and Collaborations: Insights from Rajaraman at the Singapore Fintech Festival”

Rajaraman mentioned, “Within our portfolio, we provide three electronic trading platforms and cutting-edge international trade finance solutions, particularly in the realm of bill factoring. Additionally, our services encompass partnerships with insurance companies, featuring international joint venture collaborations.” Emphasizing the event’s global reach, he noted that the Singapore Fintech Festival saw the attendance of 650 companies from around the world.

Exim bank launched its subsidiary exim finserv at gift city

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