Yes Bank, GIFT City tie-up to support fintech industry

08 Sep 2022 CW Team

A memorandum of understanding (MoU) was signed by Yes Bank and GIFT City, India's first operational smart city and International Financial Services Centre (IFSC), to boost GIFT City's fintech ecosystem. In Gandhinagar, Gujarat, the MoU was signed by Prashant Kumar, MD of Yes Bank, and Tapan Ray, Group CEO of GIFT City.

According to the terms of the Memorandum of Understanding, GIFT City and Yes Bank will support fintech innovation and a fintech accelerator for fostering, advancing, and assisting fintech firms. The MoU also calls for GIFT City to be promoted as an international financial services centre, as well as for young fintech innovators to be made aware of opportunities in India.

Together, GIFT City and Yes Bank will organise roadshows, seminars, information series, webinars, and/or conferences to spread the word about the fintech regulations in GIFT City and to position the city as India's fintech centre for startups and new market players.

As part of their collaboration, GIFT City and Yes Bank will also develop and implement innovation and entrepreneurial programmes like boot camps, hackathons, and incubation and acceleration in the fintech industry, with a particular emphasis on areas like payments, lending, financial planning, insurance technology, regulatory technology, wealth management, and trade processing, among others.

Also read:
Odisha to get cyclone-resistant saline embankment
ICICI Bank to raise Rs 100 bn via infra bonds

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..