JPMorgan Plans to Double GIFT City Business as $1 Billion Book Grows
JPMorgan Chase & Co. is preparing to significantly expand its business at Gujarat International Finance Tec-City, or GIFT City, as multinational demand for treasury, trade finance and cross-border payments accelerates. Since opening its branch in 2022, the bank has built a book of nearly $1 billion and now serves a few hundred clients, positioning the financial hub as a growing platform for international banking in India.
