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

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..