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JPMorgan Chase & Co. is preparing to scale up its operations at Gujarat’s GIFT City over the next few years, targeting a doubling of business in trade finance, payments and related cross-border services. The move underscores how India’s international financial hub is drawing global banks seeking treasury and offshore transaction opportunities.
Private equity firm True North has reportedly acquired a minority stake in adtech and commerce company InMobi through a secondary transaction valued at about $50-60 million, according to a Livemint report. The deal, which includes a small primary component, comes as InMobi accelerates preparations for a public listing in India and continues reshaping its cap table ahead of a potential IPO.
JPMorgan Chase & Co. is preparing to significantly expand its business at Gujarat International Finance Tec-City, or GIFT City, as multinational demand for treasury, trade finance and cross-border payments accelerates. Since opening its branch in 2022, the bank has built a book of nearly $1 billion and now serves a few hundred clients, positioning the financial hub as a growing platform for international banking in India.
JPMorgan Chase & Co. is preparing to scale up its operations at Gujarat’s GIFT City over the next few years, aiming to roughly double business in trade finance and payments. The move underscores rising interest from global banks in India’s international financial hub, where JPMorgan has already built a client base of a few hundred and a book approaching $1 billion.
JPMorgan Chase & Co. is preparing to scale up its Gujarat International Finance Tec-City operations over the next few years, targeting a doubling of business in trade finance, payments and related cross-border services. The bank, which opened its GIFT City branch in 2022, now serves a few hundred clients and has built a book of nearly $1 billion, underscoring the zone’s growing pull for multinational financial activity.
The volume of deeply distressed U.S. leveraged loans has climbed to its highest level since the pandemic, according to JPMorgan, underscoring renewed strain in a corner of credit markets that is highly sensitive to economic slowing and higher borrowing costs. The pressure is being led by software and other technology-linked borrowers, where refinancing risk and weaker cash flow are colliding with a still-restrictive rate environment.
JPMorgan Chase & Co. is preparing to expand its GIFT City operations over the next few years, aiming to double business in trade finance and payments as India’s international financial hub gains traction. The bank, which opened its branch in 2022, now serves a few hundred clients and has built a book of nearly $1 billion, underscoring rising interest from multinational firms in cross-border treasury operations.
JPMorgan Chase & Co. is preparing to expand its GIFT City operations over the next few years, with a goal of doubling business in trade finance and payments as its client base and balance sheet deepen. The bank, which opened its branch in 2022, now serves a few hundred clients and manages a book of nearly $1 billion, underscoring the growing appeal of India’s international financial zone for global institutions.
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