Bank of Maharashtra gets RBI go-ahead to set up branch in GIFT City
New Delhi, Feb 16 (IANS) Government-owned Bank of Maharashtra announced on Sunday that it has received the RBI’s approval to set up an International Financial Services Centre (IFSC) Banking Unit at GIFT City in Gujarat. The branch will be the Bank of Maharashtra’s first unit for offshore banking operations from India. Bank of Maharashtra Managing […]
BSE launches Sensex Derivatives at GIFT City, opens door for foreign traders
Mumbai, Feb 3 (IANS) The Bombay Stock Exchange (BSE) on Monday introduced Sensex derivative contracts at the International Financial Services Centre (IFSC) in GIFT City, Gujarat which offers foreign investors to trade India’s benchmark equity index without currency conversion risks. These contracts, which are denominated in US dollars, will be traded on the India International […]
