Central Bank of India Sets Up IFSC Banking Unit at GIFT City
An IBU operates as an offshore branch inside the IFSC zone to perform banking, trading, and asset transactions in foreign currencies.
This expansion aims to scale up the public sector bank's footprint in cross-border trade transactions and international financing operations.
Understanding offshore financial units and IFSC regulations is key for aspirants taking specialized banking examinations like IBPS PO and SBI PO.
Key Facts / Static GK
Central Bank of India Established: 1911
GIFT City Location: Gandhinagar, Gujarat
Practice Quiz — 30 June 2026
Q1. Mahesh Dixit, who has been appointed as the new Director of the Intelligence Bureau (IB) in June 2026, belongs to which cadre of the Indian Police Service (IPS)?
Q2. Former Chief Election Commissioner Rajiv Kumar has been appointed as the Part-Time Chairman of which major Indian private sector bank?
Q3. Who has been appointed as the Director of the Vikram Sarabhai Space Centre (VSSC) in Thiruvananthapuram, Kerala?
Q4. Consider the following statements regarding the 'Air Suvidha 2.0' portal: 1. It was developed by the Ministry of Civil Aviation in partnership with Mumbai International Airport Limited (MIAL). 2. The portal serves to strengthen health screening at Points of Entry (PoE) in response to a declared Ebola virus emergency. 3. It was designed with backing from the Directorate General of Health Services (DGHS). Which of the statements given above is/are correct?
Q5. Which state has been selected for the launch of the pilot project of the 'PM Family Care Tracker (PM-FCT)', a digital platform to track maternal and child health records?
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