GIFT City Banking Assets Soar Past $100 Billion, Cementing India’s Global Finance Ambitions

Updated: December 05, 2025 22:31

Image Source: The Hans India

GIFT City’s banking assets have crossed the landmark $100 billion mark, signaling rapid growth and global investor confidence. The HSBC-EY India compendium highlights the city’s expanding role as a financial gateway, driven by trade finance, treasury operations, and innovative cross-border banking solutions.

GIFT City, India’s premier International Financial Services Centre (IFSC), has witnessed a major milestone with its banking assets surpassing $100 billion. This achievement underscores the city’s transformation into a leading global financial hub, attracting both domestic and international institutions. The comprehensive HSBC-EY India compendium, launched recently, details the growth trajectory and strategic advantages of GIFT City’s financial ecosystem.

Notable updates from the compendium include:

Banking continues to anchor GIFT City’s growth, with International Banking Units (IBUs) driving asset expansion and cross-border activity.
There is a significant increase in trade finance, treasury operations, and cross-border lending, as banks centralize offshore operations at the IFSC.
The ecosystem is shifting from basic booking to sophisticated business lines such as structured finance, global treasury centers, and risk management.
Capital market activity at IFSC exchanges has reached an average monthly turnover of $90 billion, with cumulative debt listings exceeding $67 billion.
The asset management sector is booming, with over 310 Alternative Investment Funds (AIFs) registered and commitments crossing $26 billion.

Major takeaways:

GIFT City’s unified regulatory framework and world-class infrastructure are key factors in its success.
The city is now viewed as a credible, long-term strategic base for global financial institutions.
Policymakers and industry leaders are optimistic about further expansion and deeper capital-market engagement.

Important points:

The compendium was unveiled by top officials from the IFSC Authority (IFSCA) and the Department of Economic Affairs.
GIFT City is positioned to play a pivotal role in India’s ambition to become a global financial powerhouse.

Source: HSBC-EY India Compendium, Economic Times, Fortune India, Press Information Bureau (PIB)

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