Sbi Plans To Set Up Subsidiary In Ifsc Gift City

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

SBI plans to set up subsidiary in IFSC Gift City

ri-calendar-2-lineAug 30, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

State Bank of India (SBI), the largest public sector lender in the nation by market capitalization, recently announced plans to establish a subsidiary in Gandhinagar's IFSC Gift City.

 

The State Bank of India has announced its intention to establish a subsidiary through SBI Funds Management in Gandhinagar's IFSC Gift City. The higher authorities have given approval to this proposition. However, the beginning of it actually depends on getting the required regulatory approvals.

 

The idea is to establish an entirely new company on the grounds of IFSC Gift City. The location is significant in financial terms. Although permission has been granted to move forward, final authorization depends on following regulatory protocols.

 

Through this endeavor, SBI aims to broaden its financial services horizons and enhance its current offers. The initial endorsement has been secured, but in order to carry out the plan fully, the necessary regulatory standards must be met. The move aligns with the broad trend of financial institutions exploring an opportunity in Gandhinagar's IFSC Gift City.

 

Source: Media Reports

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions