Current Affairs - Finance - Discussion

CTBC Bank, Taiwan’s largest private sector bank, has applied to open an International Financial Services Centre (IFSC) Banking Unit in GIFT City, Gujarat. This move is part of Taiwan’s broader push to expand its financial presence in India and strengthen bilateral economic ties. CTBC Bank already has a long-standing presence in India, having opened its first branch in New Delhi in 1996. The new unit at GIFT City will offer international banking services and occupy over 3,100 sq. ft. in Brigade Towers. This initiative also reflects Taiwan’s interest in supporting its banking sector’s global growth, especially in South Asia.