IndusInd Bank launches dedicated banking vertical for GCCs

IndusInd Bank launches dedicated banking vertical for GCCs

IndusInd Bank Limited has launched a dedicated Global Capability Centre (GCC) Banking vertical to cater to India’s growing GCC ecosystem. Key highlights: The vertical combines corporate banking and employee banking under a single relationship model. Services include digital banking, commercial cards, capital account and FEMA solutions, and foreign-currency accounts through its GIFT City International Banking Unit (IBU). India’s GCC ecosystem has grown 32% since FY21, reaching 2,117 centres. Impact: Positive. The initiative strengthens IndusInd Bank’s corporate banking franchise and creates an opportunity to expand its client base in India’s growing GCC sector.