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HSBC, ICICI Propel India Finance Hub With FX Loans for Diaspora

Bloomberg Markets Wednesday 16 September 2026, 01:30 UTC By Saikat Das 1 min read
Key Points

HSBC Holdings Plc and ICICI Bank Ltd. in GIFT City have emerged as the biggest lenders to India’s vast diaspora under a special foreign-exchange swap program, signaling the financial hub’s growing role in channeling global capital into the country.

HSBC Holdings Plc and ICICI Bank Ltd. in GIFT City have emerged as the biggest lenders to India’s vast diaspora under a special foreign-exchange swap program, signaling the financial hub’s growing role in channeling global capital into the country.
HSBC (ORG) ICICI Propel India Finance Hub (ORG) Diaspora HSBC Holdings Plc (ORG) ICICI Bank Ltd. (ORG) GIFT City (LOCATION) India (LOCATION)
Originally published by Bloomberg Markets Read original →

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