CTBC Bank opens first Taiwanese branch in GIFT City, Gujarat on 13 May 2026

Direct fact

On 13 May 2026, CTBC Bank opened its new branch at GIFT City in Gandhinagar, Gujarat, becoming the first Taiwanese bank to establish a presence in India’s international financial hub.

Key specifics

• CTBC Bank is the first and only bank from Taiwan to open a branch in GIFT City and anywhere in India.
• The bank has operated in India for 30 years, with existing branches in New Delhi and Kattupakkam, Chennai.
• GIFT City stands for Gujarat International Finance Tec-City and is India’s first operational smart city and IFSC.
• CTBC Bank was established in 1966 and is headquartered in Taipei, Taiwan.
• The Indian operations are led by CEO Tanmoy Adhikari, according to the source.

Exam lens

Question type: Economy and banking current affairs, GIFT City, 13 May 2026, CTBC Bank, Taipei, Gandhinagar. TNPSC may ask the expansion significance of GIFT City and the bank’s India presence.