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Which of the following banks has received a license from the IFSC Authority to set up its banking unit at India’s first International Financial Services Centre at GIFT City, Gujarat?

Which of the following banks has received a license from the IFSC Authority to set up its banking unit at India’s first International Financial Services Centre at GIFT City, Gujarat? Correct Answer Citibank

The correct answer is Citibank.

  • Citibank, which is headquartered in the USA, has received a license from the IFSC Authority to set up its banking unit at India’s first International Financial Services Centre at GIFT City, Gujarat.
  • With this, Citibank will become the first US-based bank to set up a branch in GIFT-IFSC.
  • Citibank will be servicing both Indian as well as its global customer base from this IFSC branch.

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