Indian Overseas Bank Gets RBI Nod for IFSC Banking Unit at GIFT City

• Indian Overseas Bank (IOB) received approval from the Reserve Bank of India (RBI) to establish an IFSC Banking Unit (IBU) at GIFT City, Gujarat.
• The approval was granted via a letter from the RBI dated December 29, 2025.
• IOB informed BSE Limited and the National Stock Exchange of India Limited about this significant development.
• The new unit will enable IOB to expand its presence in international financial services within the IFSC regulatory framework.
• This move strengthens IOB's operations in specialized financial centers, as per the regulatory filing signed by Ram Mohan K.

Why It Matters: IOB expands international services with RBI-approved IFSC Banking Unit at GIFT City.