1 hr ago
IndusInd Bank Launches GCC Banking Vertical for India’s Expanding Ecosystem
IndusInd Bank has created a new banking service for Global Capability Centres in India.
These centres are offices that handle important work for companies around the world.
India now has 2,117 such centres, and their number has grown by 32% since FY2021.
The new service brings business banking and employee banking together.
It will offer digital banking, cards, foreign-currency accounts, and help with certain financial rules.
The bank says customers will have one main relationship for these services.
Its International Banking Unit in GIFT City will help provide foreign-currency accounts.
The bank wants to give GCCs specialized advice as their needs change.
IndusInd Bank announced a dedicated banking vertical for India’s Global Capability Centres on September 28, 2026.
The vertical combines corporate and employee banking services under one relationship model.
Its five capabilities include digital banking, employee banking, commercial cards, capital account and FEMA solutions, and foreign-currency accounts.
India’s GCC ecosystem has grown 32% since FY2021 and now includes 2,117 centres.
The bank’s International Banking Unit at GIFT City will provide foreign-currency account solutions for GCCs.
- Who
- IndusInd Bank, including its Corporate Banking team led by Niraj Shah, and India’s Global Capability Centres.
- What
- IndusInd Bank launched a dedicated GCC Banking vertical combining corporate and employee banking services.
- Where
- India, with foreign-currency solutions provided through the International Banking Unit at GIFT City.
- When
- September 28, 2026; the customer figures cited are as of June 30, 2026.
- Why
- To address the expanding banking needs of India’s GCC ecosystem through integrated services and specialist guidance.
Key facts
- GCC ecosystem size
- 2,117 Global Capability Centres in India
- GCC ecosystem growth
- Up 32% since FY2021
- Launch date
- September 28, 2026
- Core capabilities
- Digital banking, employee banking, commercial cards, capital account and FEMA solutions, and foreign-currency accounts
- Foreign-currency provider
- IndusInd Bank’s International Banking Unit at GIFT City
- IndusInd Bank customers
- Approximately 4.2 crore as of June 30, 2026
- Bank network
- 3,137 branches or banking outlets and 2,853 ATMs
Sources
Related news
India’s GCCs Shift Toward Strategic Enterprise Capabilities and Ownership
Manufacturing and Transport Drive India's Global Capability Centre Boom
Indian Bank Plans Dubai Office to Expand Overseas Operations
Foreign BFSI Firms Drive Record GCC Office Leasing in India
New foreign firms expected to drive Indian GCC headcount growth
GCC Boom Creates New Revenue Opportunities for Indian IT Firms
IndusInd Bank CEO Says Name Unmapped From Electoral Roll
India Credit Card Spending Slows as SBI Cards Shares Fall
Proposed Insurance Caps Threaten Bank and NBFC Fee Income
Jefferies Picks Five Stocks With Up To 54% Upside
