CTBC Bank Becomes First Taiwanese Bank to Open a Branch in GIFT City
On 13 May 2026, CTBC Bank became the first Taiwanese bank to open a branch in GIFT City, Gujarat — India's first International Financial Services Centre — to support cross-border trade and investment.
CTBC Bank opened a branch in GIFT City, Gujarat, on 13 May 2026, becoming the first Taiwanese bank to set up such an operation in the city. It is also the first Taiwanese bank to begin this kind of operation anywhere in India. GIFT City (Gujarat International Finance Tec-City) is India's first International Financial Services Centre (IFSC), built to attract global banking and financial business.
The new branch is meant to support cross-border financing, trade and investment between India, Taiwan and other Asian markets. By operating from GIFT City's IFSC, the bank can offer international financial services that help companies move money and fund trade more easily across borders.
CTBC Bank is headquartered in Taipei, Taiwan, and was established in 1966. It has had a presence in India for about three decades, with offices in New Delhi and near Chennai. The new GIFT City branch deepens financial ties between India and Taiwan.
For exam aspirants, the key facts are that GIFT City is India's first IFSC (in Gujarat), and that CTBC Bank is the first Taiwanese bank to open a branch there.
Key Points to Remember
- CTBC Bank opened a GIFT City branch on 13 May 2026
- First Taiwanese bank to operate in GIFT City and in India
- GIFT City (Gujarat) is India's first International Financial Services Centre (IFSC)
- Branch supports cross-border financing, trade and investment
- CTBC Bank is headquartered in Taipei, Taiwan; founded 1966
Exam Relevance
Relevant for Banking exams (IBPS/SBI/RBI — Banking Awareness), UPSC Prelims (Economy — IFSC) and SSC General Awareness.
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