India gives a GIFT to banks with first hub for overseas lending
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Asia

India gives a GIFT to banks with first hub for overseas lending

Gift City India

Banks are queueing to set up shop in an international financial services hub in India — the first of its kind in the country. Institutions operating there enjoy certain regulatory exemptions, which are expected to give a leg-up to domestic lenders looking to build a foreign currency loan book. Shruti Chaturvedi reports.

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