FilingReader Intelligence

Bank of Maharashtra gains RBI approval for GIFT City unit

February 21, 2025 at 08:56 AM UTCBy FilingReader AI

Bank of Maharashtra (BSE: MAHABANK) announced today that it has secured permission from the Reserve Bank of India (RBI) to set up an International Financial Services Centre (IFSC) Banking Unit (IBU) at GIFT City, Gandhinagar, Gujarat. The approval was communicated via RBI letter DOR.LIC.No.S7348/23.13.004/2024-25 dated February 13, 2025. This move will allow Bank of Maharashtra to expand its international banking operations and cater to the growing financial activities within the GIFT City economic zone. The announcement was addressed to the General Manager, Department of Corporate Services at BSE Ltd. and the Vice President, Listing Department, National Stock Exchange of India Ltd.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:MAHABANKBombay Stock Exchange

News Alerts

Get instant email alerts when Bank of maharashtra publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →