Deutsche Bank opens IFSC banking unit in Gift City; offers business solutions for MSMEs

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Deutsche Bank opens IFSC banking unit in Gift City; offers business solutions for MSMEs

Ahmedabad, July 30 (KNN) With Deutsche Bank’s IFSC banking unit based in Gift City, Gujarat, the German bank offered to offer trade finance solutions to MSMEs.

This will allow them to expand across borders, the bank said.

Deutsche Bank AG’s IFSC banking unit (IBU) was launched by Prime Minister Narendra Modi on Friday.

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Deutsche Bank customers in India and overseas will receive all approved international financing products.

This will facilitate access to innovative solutions that help improve business efficiency.

It will also facilitate cash pooling and other deposit offerings for Indian and international customers.

“The IBU will help provide our customers in India and abroad with access to the best suite of financial solutions and services that India has to offer,” said Alexander von zur Mühlen, CEO of Deutsche Bank. , Asia Pacific and Board Member.

The GIFT City IBU will enable the bank to provide INR liquidity 24/7 to international investors and foreign companies with exposures in India. (KNN Office)

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