<ul data-eligibleForWebStory="false"><li>Axis Bank is shutting down its UK operations and focusing on its Gift City IFSC Banking Unit.</li><li>The bank has consolidated its international business at Gift City, with assets constituting over 50% of its overseas assets.</li><li>Bank of Baroda also prioritizes its Gift City branch as an offshore banking unit to leverage business growth opportunities.</li><li>Mashreq Bank India has received approval to open a unit in Gift City, aiming to provide various financial services to clients with regulatory incentives.</li></ul>

Lenders use Gift City route to tap overseas clients

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