HSBC to set up offshore banking unit in India's GIFT fintech city

HSBC to set up offshore banking unit in India's GIFT fintech city

HSBC has been approved to set up an office in the Gujarat International Finance Tech (GIFT) City, one of India's largest special economic zones (SEZs), it was announced yesterday. HSBC, which in India is known as the Hongkong and Shanghai Banking Corporation, headquartered in Hong Kong, said it had gained in-principle approval from the GIFT SEZ Authority to set up a banking unit. The new unit will operate as an offshore subsidiary of HSBC India, under International Financial Services Ce...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.