GIFT City's assets over $100 bn, trade finance booming: Report

GIFT City's assets over $100 bn, trade finance booming: Report

Banking assets in Gujarat International Finance Tec-City (GIFT City) have surpassed $100 billion, fuelled by International Banking Units' expansion, an HSBC and EY India compendium said. High demand persists for trade finance, treasury operations, including cross-border lending. Capital market turnover averages $90 billion monthly, debt listings exceed $67 billion, the report added.

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