<ul data-eligibleForWebStory="false"><li>Taiwan's CTBC Bank has proposed to set up an IBU in GIFT City by taking over space in Brigade Towers.</li><li>CTBC Bank already has a presence in India with its first branch established in New Delhi in 1996.</li><li>Taipei Fubon Bank also received approval to establish an IBU in GIFT City, aiming to serve Taiwanese businesses and local enterprises.</li><li>The trend of international banks setting up IBUs in GIFT City is growing, with banks from UAE and France also making similar applications.</li></ul>

Taiwan’s CTBC Bank to set up IBU in GIFT City

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