CTBC Bank of Taiwan opens branch at GIFT City

Key facts

• CTBC Bank of Taiwan (CTBC Bank) has opened a branch at GIFT City in Gujarat to support cross-border financing and enhance financial connectivity.
• CTBC Bank is the first Taiwanese lender to establish a presence at GIFT City and the only Taiwanese bank with a branch presence in India.
• The branch aims to serve clients in the Indian subcontinent and Taiwan by leveraging GIFT City's position as an international financial services hub.
• Established in 1966, CTBC Bank has operated in India for 30 years through branches in New Delhi and Kattupakkam, Chennai.
• The new branch will facilitate treasury solutions, trade, and investment flows between India, Taiwan, Asia, and global markets.