Macro Finance
HSBC, ICICI Propel India Finance Hub With FX Loans for Diaspora
Bloomberg Markets·September 16, 2026·1 min read
HSBC Holdings Plc and ICICI Bank Ltd. in GIFT City have become the largest lenders to India's diaspora under a special foreign-exchange swap program. This signals the financial hub's growing role in channeling global capital into India, boosting its status as a finance center.
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