Archive · 28 Jun 2025
Standard Chartered to Settle Transactions for CCIL IFSC Ltd in GIFT City
Imagine two groups of people, and one group deals with money.
Standard Chartered Bank will help them move money quickly and easily, like a special helper.
This is happening in a place called GIFT City.
Standard Chartered Bank is going to make sure everything runs smoothly when money is being exchanged in dollars.
This will allow for easier money transactions in that area.
Standard Chartered Bank will be the settlement bank for CCIL IFSC Ltd.
The agreement facilitates real-time settlement of USD transactions.
CCIL IFSC Ltd is a subsidiary of The Clearing Corporation of India Ltd.
The settlement system will operate in GIFT City, Gujarat.
Standard Chartered Bank aims to utilize its international expertise.
- Who
- Standard Chartered Bank and CCIL IFSC Ltd.
- What
- Standard Chartered Bank will act as the settlement bank for CCIL IFSC Ltd.
- When
- The article was published on June 28, 2025.
- Where
- GIFT City, Gujarat.
- Why
- To facilitate real-time settlement of USD transactions.
- Bank
- Standard Chartered Bank
- Subsidiary
- CCIL IFSC Ltd
- Parent Company
- The Clearing Corporation of India Ltd
- Location
- GIFT City, Gujarat
- Function
- Settlement Bank for FCSS
- Transaction Type
- USD