Gujarat Pulse▲ Bullish
GIFT City IFSC Total Banking & Derivative Assets Surpass $70 Billion Milestone
Reported by Editorial Desk·11/5/2026·4 min read
International Financial Services Centre in Gandhinagar records 38% YoY growth in foreign currency loan books and cross-border treasury settlements.
✦ Key Takeaways & Market Impact
- GIFT City assets top $70 Billion
- 38% Year-on-Year growth in banking units
- Strengthens Gandhinagar international finance status
International banking units (IBUs) operating inside Gujarat International Finance Tec-City (GIFT City) IFSC have officially crossed $70 billion in total assets. Growth was spearheaded by overseas trade finance, syndicated dollar loans, and non-deliverable forward (NDF) currency trading.
💡In Simple Terms (Plain-Language Explanation)
In simple terms: GIFT City in Gujarat is functioning like Singapore or Dubai for banking transactions, allowing global dollar trading right here in India.
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