HSBC and ICICI Emerge as Top GIFT City Lenders With $19.3 Billion in FX Loans Under RBI Swap Facility
HSBC and ICICI Bank combined disbursed $19.3 billion through RBI’s FCNR concessional swap facility at GIFT City
Key points
- HSBC and ICICI combined disbursed $19.3 billion through RBI’s FCNR swap facility at GIFT City from June to August
- Both banks emerge as the leading international lenders in India’s GIFT City financial hub
- Watch RBI FY27 facility expansion and GIFT City book asset quality in upcoming quarterly results
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