Yes Bank’s IFSC Business Unit attains $1 bn balance sheet at GIFT City
The fifth largest private sector bank in India, Yes Bank, recently announced that it has accomplished $1 billion balance sheet at its IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT), as on March 31, 2017.
It was the first bank to commence its operations at Gift city and has showcased considerable business power as a specialised knowledge sector’s focused IBU.Stock Future Tips
The government of India announced various incentives to push the growth of IFSC, and this will boost bank’s business operations in GIFT City.
Since the establishment of the IBU, Yes Bank has executed multiple transactions across key sectors, including Agri and Agribusiness, Media & Entertainment, Financial Institutions, Aviation, Affordable Housing, Manufacturing and Telecom, among others.