Loan book of Axis Bank's IFSC unit at GIFT City doubles to USD 4 bn in 5 years

Axis Bank's GIFT City unit reaches USD 4 billion in assets. The bank doubled its asset book since 2019. A new and larger office space supports this growth. The IBU's deposit book also hit USD 1 billion. Axis Bank focuses on trade finance and capital market operations. The bank's treasury operations are also located at GIFT City.