Hdfc Bank (HDB) has released an update.
HDFC Bank Limited has announced its investment in a new subsidiary of The Clearing Corporation India Limited (CCIL), committing up to ₹12.25 crore in the venture set to operate within Gujarat International Finance Tec-City (GIFT City). The bank will initially subscribe to 61,25,000 equity shares, becoming one of the initial members of the yet-to-be-incorporated company, aimed at providing Foreign Currency Settlement Systems and other financial services in GIFT City-IFSC. This strategic move, pending regulatory approval, represents HDFC Bank’s foray into the burgeoning financial hub of GIFT City, marking a significant expansion of its financial services ecosystem.
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