Crédit Agricole CIB opens a branch in India’s GIFT City to strengthen cross-border business with clients

Part of the Bank’s growth strategy for India, this opening will further strengthen its local footprint and its capabilities through a comprehensive global-to-local approach.

As India's first smart city, GIFT City features a cutting-edge International Financial Services Centre (IFSC) providing foreign businesses with access to both offshore and onshore financial services within a special economic zone framework.

Leveraging this world-class infrastructure and business-friendly environment, Crédit Agricole CIB’s new branch will serve a global clientele, encompassing local businesses and foreign firms based outside of India, with enhanced product offerings for foreign currencies denominated activities. The Bank will progressively expand its product suite, including loans, project finance, alongside trade and supply chain finance. Cash and liquidity management and non-deliverable forward products are expected to be introduced in the near future.

Crédit Agricole CIB’s strategy is based on “shared ambitions” between the Bank and India. By seizing opportunities from the booming business momentum in the country, particularly in net-zero driven activities, Crédit Agricole CIB aims to strengthen its foothold to drive future growth. In 2024, the Bank made a capital injection into its local franchise, doubling its registered business capital, to ramp up its support and lending capacity to clients. The Bank is also significantly reinforcing its local Global Capacity Center (GCC), drawing on India's growing and sophisticated pool of tech talents. With the opening of the new branch, Crédit Agricole CIB’s network in India has expanded to six branches: Mumbai (head office), Bengaluru, Chennai, New Delhi, Pune, and now GIFT City.