{"id":151898,"date":"2023-07-17T12:56:29","date_gmt":"2023-07-17T07:26:29","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=151898"},"modified":"2023-07-17T12:56:30","modified_gmt":"2023-07-17T07:26:30","slug":"ifsc-banking-unit-inaugurated-by-bank-of-india-at-gift-city","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/ifsc-banking-unit-inaugurated-by-bank-of-india-at-gift-city\/","title":{"rendered":"IFSC Banking Unit inaugurated by Bank of India at GIFT City."},"content":{"rendered":"\n<p><strong>IFSC Banking Unit inaugurated by Bank of India at GIFT City.:<\/strong> On 12 July, the Bank of India inaugurated its IFSC Banking Unit (IBU) in the International Financial Services Centre at GIFT SEZ area in Gandhinagar.<\/p>\n\n\n\n<p>BOI has targeted to achieve $1 billion in business by March 2024 and $4 billion in the subsequent three years.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/daily-current-affairs-and-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs Quiz: July 2023<\/a><\/p>\n\n\n\n<p>The IBU will provide services such as External Commercial Borrowings (ECB), trade finance facilities, foreign currency loans, syndication loans, and foreign currency deposit accounts-current to various customers permitted as per IFSCA guidelines.<\/p>\n\n\n\n<p>BOI\u2019s overseas branches contribute to nearly 15 per cent of global deposits and 16 per cent of global advances book.<\/p>\n\n\n\n<p>Bank of India has a presence in 15 foreign countries through 21 overseas branches, 4 overseas subsidiaries, one joint venture, and one representative office.<\/p>\n\n\n\n<p>In addition, BoI also inaugurated the NRI Help Center (NRI HC) located in the premises of the Centralized Foreign Exchange Back Office (FEBO) in the domestic sector of GIFT City.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IFSC Banking Unit inaugurated by Bank of India at GIFT City.: On 12 July, the Bank of India inaugurated its IFSC Banking Unit (IBU) in the International Financial Services Centre at GIFT SEZ area in Gandhinagar. BOI has targeted to achieve $1 billion in business by March 2024 and $4 billion in the subsequent three [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":151899,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5133],"tags":[74],"class_list":["post-151898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-july-2023","tag-bank-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/151898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=151898"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/151898\/revisions"}],"predecessor-version":[{"id":151900,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/151898\/revisions\/151900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/151899"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=151898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=151898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=151898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}