The bank received formal licence from IFSCA vide their letter no IFSCA-FMPP0IBUR/6/2026-Banking/2 dated July 07, 2026
The licence grants permission to setup an IFSC Banking Unit as a branch of the bank at GIFT IFSC
This follows the RBI's prior approval granted on January 28, 2026 (referenced in letter no PSB/HO/Shares Cell/83/2025-26) for setting up the IFSC Banking Unit at GIFT City Gandhinagar
Operational Details
The IFSC Banking Unit will be established at GIFT IFSC (Gujarat International Finance Tec-City International Financial Services Centre)
The unit will operate as a branch of Punjab & Sind Bank
