Banking units at GIFT IFSC are putting foreign-currency deposits to work through financing. The report presents this activity as a sign of the centre’s growing role in international banking, with the disbursal figure forming the main highlight.

The International Financial Services Centres Authority also pointed to a strong showing in mobilising foreign currency. The account therefore highlights both the collection of foreign-currency funds and their use for financing, rather than describing deposit mobilisation alone.

The supplied report’s headline gives the disbursal amount as $52.82 billion, while its body refers to about $52 billion linked to FCNR(B) deposits through the swap arrangement. It does not state the period covered by these figures or explain the difference in presentation.

Other operational details remain unstated in the available text. There is no bank-wise breakdown, explanation of the swap terms or description of who received the financing. That limits what readers can conclude about individual banks, customer access or the wider scale of this activity beyond the reported amount.