{
  "id": 7742034,
  "title": "HSBC, ICICI Bank Lead GIFT City Lending Drive As Lenders Attract Record NRI Forex Deposits",
  "url": "https://urgent.news/2026/09/16/hsbc-icici-bank-lead-gift-city-lending-drive-as-lenders-attract",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T07:19:14.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/hsbc-icici-bank-lead-gift-city-lending-drive-as-lenders-attract-record-nri-forex-deposits"
  },
  "original_language": "en",
  "account": null,
  "summary": "HSBC Holdings and ICICI Bank’s GIFT City operations have become the largest lenders under the Reserve Bank of India’s foreign-exchange swap programme for foreign-currency non-resident deposits, highlighting the growing importance of Gujarat International Finance Tec-City as a channel for global capital flows. According to a report by Bloomberg, the two banks together provided $19.3 billion in…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}