Indian Financial Hub GIFT City Sees Banking Assets Surge by Sixty Percent
Banking assets within India's prominent international financial hub have experienced a substantial growth of roughly 60% since June. According to a senior official, this remarkable expansion is driven by the robust momentum in the nation's credit markets. GIFT City is actively striving to position itself as a major competitor to established financial centers like Singapore and Hong Kong in the race to attract foreign capital, with total bank assets in the hub now reaching approximately $193 billion.
Originally published by Bloomberg Business | By Haslinda Amin, Saikat Das | 29 October 2026 | Read original: https://www.bloomberg.com/news/articles/2026-10-29/bank-assets-in-india-hub-that-competes-with-singapore-jump-60
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