Domestic Developments Won't Dissuade Indian Banks From Dubai

Rarely a day goes by without an announcement on the upward trajectory of India's growth, or the new plans the country has to transform itself into one of the biggest economic powerhouses on a global scale.

More recently we have seen plans put into place to open up its financial markets in order to create a new global financial hub with the Reserve Bank of India (RBI) relaxing some foreign exchange trading norms and the Indian capital markets regulator Securities and Exchange Board of India (Sebi) seen approving rules around setting up stock exchanges and other capital markets infrastructure in India's financial centres, starting with Gujarat International Finance Tech-city, also known as Gift City.