Bank of Maharashtra Receives License for establishing IFSC Banking Unit at GIFT IFSC, Gujarat
Public Sector Lender, Bank of Maharashtra has announced that it has received the license to establish the IFSC Banking Unit at GIFT City in Gujarat.
Public Sector Lender, Bank of Maharashtra has announced that it has received the license to establish the IFSC Banking Unit at GIFT City in Gujarat.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
Read Also : BEML at IREE 2025 | Showcasing the Future of Indian RailwaysThe company has stated that reference to our previous letter no. AX1/ISD/STEX/166/2024-25 dated 13.02.2025 vide which it was informed that 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.
Read Also : 54th Zonal Mine Rescue Competition Concludes at Mansar Mine, MOIL India
Shares of Bank of Maharashtra are trading below 4.15% at Rs 48.30.
Read Also : Rear Admiral Manoj Jha assumed charge as Chief Staff Officer (Operations), ENC