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Punjab & Sind Bank receives IFSCA licence to setup IFSC Banking Unit at GIFT IFSC

Punjab & Sind Bank has received a licence from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit at GIFT IFSC. This follows prior RBI approval from January 28, 2026. The unit will enable the bank to conduct international banking activities such as foreign currency lending and trade finance.