Bank of Maharashtra receives RBI approval to establish IFSC Banking Unit at GIFT City, Gujarat
The Bank of Maharashtra has received regulatory approval to set up an IFSC Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT IFSC), Gujarat.
The Reserve Bank of India (RBI) has permitted the Bank to establish the unit in accordance with applicable guidelines. Further, the International Financial Services Centres Authority (IFSCA), through its communication (letter no. IFSCA-FMPP0IBUR/3/2025-Banking/2025-26/002) dated May 8, 2025, has granted the necessary license for the establishment of the IBU.
This development aligns with the Bank's strategy to expand its presence in international financial services and to leverage the growing opportunities available in the GIFT IFSC zone.
In the exchange filing, the company shared, 'RBI has permitted the Bank for setting up of an IFSC Banking Unit (IBU) in GIFT IFSC, Gujarat. In this regard, we have to inform you that International Financial Services Centres Authority (IFSCA) vide letter no. IFSCA-FMPP0IBUR/3/2025-Banking/2025-26/002 dated 8th May, 2025 has granted license to Bank to establish IFSC Banking Unit at GIFT IFSC, Gujarat.'
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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Intellect is a pioneer in applying Design Thinking and our 8012 FinTech Design Center, the world's first Design Center dedicated to Design Thinking Principles, underscores our commitment to continuous and impactful innovation, addressing the ever-growing need for digital transformation. We proudly serve over 500+ customers worldwide, supported by a diverse workforce of solution architects and domain and technology experts in major global financial hubs. For more information about Intellect, visit For Media related info, please contact: Nachu Nagappan Intellect Design Arena Ltd Mob: +91 89396 19676 Email: [email protected] Nachu Nagappan Intellect Design Arena Limited +91 89396 19676 email us here Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. 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