New Delhi: GIFT IFSC is emerging as a growing international financial centre, with its banking units playing a significant role in channelling foreign-currency deposits into financing, Kotak Mahindra Bank founder Uday Kotak said.
"This signifies GIFT's emergence as a growing International Financial Centre," Kotak said, highlighting the strong performance of GIFT IFSC banking units in funding deposits raised under the Reserve Bank of India's special swap facility.
