CTBC Bank Becomes 1st Taiwanese Bank to Open Branch at GIFT City, Gujarat

Current Context: CTBC Bank of Taiwan, the country’s largest privately owned bank, opened its first Indian branch at GIFT City, Gujarat on May 14, 2026.

• This marks the first-ever Taiwanese bank presence in India, strengthening India–Taiwan financial cooperation.
• The branch will focus on cross-border trade finance, corporate banking, and investment services for businesses.
• It supports India’s vision of making GIFT City a global financial hub.
• The move also highlights Taiwan’s interest in India’s emerging financial markets and infrastructure growth.
• CTBC Bank’s entry boosts confidence among foreign banks to explore GIFT City as a gateway to South Asia.

Question:

Q.1 Which Taiwanese bank opened its first Indian branch at GIFT City, Gujarat on May 14, 2026?
a) Taipei Fubon Bank
b) Mega International Commercial Bank
c) Bank of Taiwan
d) CTBC Bank

Answer: d) CTBC Bank became the first Taiwanese bank to establish a branch in India by opening its office at GIFT City on May 14, 2026.