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.
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The 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.
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Shares of Bank of Maharashtra are trading below 4.15% at Rs 48.30.
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