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QNB Becomes First Middle East Bank to Launch Branch in India’s GIFT City.

Banking & Finance | Dated: 15 May 2025

In May 2025, Qatar National Bank Group (QNB), headquartered in Doha, Qatar, and the largest financial institution in the Middle East and Africa (MEA), became the first bank from the MEA region to open a branch in the Gujarat International Finance Tec-City – International Financial Services Centre (GIFT-IFSC), located in Gandhinagar, Gujarat.

🎯 Key Highlights:

  • - GIFT-IFSC is India’s first international financial hub and a Special Economic Zone (SEZ).
  • - The newly launched GIFT City branch of QNB is aimed at supporting Indian corporates seeking global banking partnerships to fuel their international expansion.

💡 Other Important Facts:

  • (i) QNB’s presence in GIFT City is expected to strengthen its global network, which spans 28 markets across 3 continents.
  • (ii) QNB established its first branch in India in 2017 and has steadily expanded its footprint to meet the financial needs of Indian corporates.
  • (iii) QNB (India) Private Limited, headquartered in Mumbai, Maharashtra, operates as a Scheduled Commercial Bank (SCB), offering full-service banking with a focus on structured credit solutions.

📚 Test Your Knowledge:

Which bank became the first Middle East bank to open a branch in India’s GIFT City in May 2025?

Correct Answer: Qatar National Bank (QNB)

🚀 Quick Recap: