Yes Bank Gets RBI Nod for Setting up IFSC Banking Unit in GIFT City

New Delhi: Yes Bank has received approval from RBI to set up IFSC Banking Unit (IBU) in Gujarat International Finance Tec (GIFT) city. Establishing the IBU will propel the bank's growth plans further by providing it access to international financial markets, as well as provide a comprehensive product suite to its corporate clients requiring foreign currency funding, Yes Bank said in a statement on Tuesday. It will also allow the ba...