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HSBC, ICICI Propel India Finance Hub With FX Loans for Diaspora
Source: Bloomberg
Banking & LiquidityCurrency & FXEmerging Markets
HSBC Holdings and ICICI Bank in GIFT City have emerged as the largest lenders to India’s diaspora through a special foreign-exchange swap program. The development signals GIFT City’s expanding role in channeling overseas capital into India and supporting diaspora-linked financing.
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