New set-up
Banking Unit (IBU)
Foreign-currency wholesale banking from India
In brief
What banking unit (ibu) means here
A banking unit is a branch of an Indian or foreign bank permitted to carry out foreign-currency wholesale banking — external commercial borrowings, trade finance, treasury, derivatives and, in permitted cases, deposits from non-residents. The parent bank commits minimum capital to the unit and supports it with a board resolution.
Applicable regulation
IFSCA (Banking) Regulations, 2020 and the IFSCA Banking Handbook.
Scope and commercials are confirmed in writing after a scope review.
Already registered
Entities registered in banking unit (ibu)
Names as published in the live register, refreshed automatically. Names only — no registration numbers.
- Australia and New Zealand Banking Group Limited
- Axis Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra IFSC Banking Unit
- Barclays Bank Plc
- BNP Paribas
- Canara Bank
- Central Bank of India
- Citi Bank
- Credit Agricole Corporate & Investment Bank
- CTBC Bank Co., Ltd.
- DBS Bank
- Deutsche Bank
- Federal Bank
- First Abu Dhabi Bank PJSC
- HDFC Bank
- HSBC Bank
- ICICI Bank
- IDBI Bank
- IDFC First Bank
- Indian Bank
- Indian Overseas Bank
- IndusInd Bank
- J.P.Morgan Securities PLC
- JP Morgan Bank
- Kotak Mahindra Bank
- Mashreqbank PSC
- Mizuho Bank
- MUFG Bank
- Natixis
- Punjab and Sind bank
- PUNJAB NATIONAL BANK
- Qatar National Bank (Q.P.S.C.)
- RBL Bank
- SOCIETE GENERALE
- Standard Chartered Bank
- State Bank of India
- Sumitomo Mitsui Banking Corporation
- Taipei Fubon Commercial Bank Co., Ltd.
- UCO Bank
- Yes Bank
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Check your fit for banking unit (ibu).
Nine short questions on permitted activity, registrations, legal form, regulators, net worth and fees. Our expert covers whatever you are unsure about.