The Mashreq GIFT City Branch, will offer Foreign Currency Loans, Trade Finance, Treasury, and Risk Management Products
FinTech BizNews Service
Mumbai, October 9, 2025: Mashreq, one of the MENA region’s leading financial institutions, today announced that its International Financial Services Centre Banking Unit (IBU) office in Gujarat International Finance Tec-City (GIFT City) is ready. In July 2025, Mashreq became the first UAE-based bank to have received the In-Principle Approval from the regulator.\
The Mashreq GIFT City Branch, subject to final regulatory approvals, will offer a comprehensive suite of financial solutions, including Foreign Currency Loans, Trade Finance, Treasury, and Risk Management Products, designed to serve corporate, institutional, and financial clients operating across international markets.
Ahmed Abdelaal, Group CEO of Mashreq, said, “The full set-up of our GIFT City office marks a significant step in our growth journey in India. We are confident in India’s emergence as a leading international financial centre and this strategic presence will allow us to better serve clients along key trade and investment corridors connecting India, the UAE, and other global markets. We are committed to leveraging our technology-led banking expertise to facilitate innovation, deepen capital flows, and contribute meaningfully to the vision of ‘Viksit Bharat’ under the Hon’ble Prime Minister’s leadership.”
According to Tushar Vikram, Chief Executive Officer, Mashreq India, “The readiness of our GIFT City office only deepens our engagement with India’s growing financial ecosystem. Through this platform, we aim to enable simplified access to global capital, foster cross-border trade flows, and provide bespoke solutions that support India’s growing role as a hub for international financial activity.”
With the infrastructure now complete and the recruitment of key personnel completed, Mashreq is positioning itself to support cross-border business expansion for clients in India and the GCC, while also offering efficient transaction turnaround through its strategic location in a unified time zone.
The establishment of the Mashreq GIFT City office builds on the bank’s decades-long presence in India, where Mashreq has grown into one of the largest international operations within its global network. The new branch further enhances Mashreq’s ability to deliver integrated corridor banking solutions spanning the GCC, Africa, Asia, Europe, and the Americas.
Mashreq remains committed to bridging opportunities between India, the UAE, and other key corridors in the Middle East and beyond, enabling businesses to benefit from streamlined financial services, innovative digital banking, and a shared vision for sustainable growth across both nations.
