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{{Short description|Business district in Greater Kolkata, India}}
{{Use dmy dates|date=May 2025}}
{{Use Indian English|date=May 2025}}
{{Infobox settlement
| name = FinTech Hub
| native_name =
| native_name_lang =
| settlement_type = [[Business district]]
| image_shield =
| image_skyline = {{multiple image
| border = infobox
| total_width = 300
| image_style =
| perrow = 1/2
|image1 =
|caption1 = Under construction Fintech hub skyline in June 2023
|image2=
|caption2= [[National Insurance Company Limited|NICL]] new head office
|image3 =
|caption3 = [[State Bank of India|SBI]] Institute of leadership
}}
| nickname =
| map_alt =
| map_caption =
| image_seal =
| image_blank_emblem =
| blank_emblem_type =
| pushpin_map =
| pushpin_label_position =
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| coordinates =
| subdivision_type = Country
| subdivision_name = India
| subdivision_type1 = [[States and union territories of India|State]]
| subdivision_type2 = [[List of districts in India|District]]
| subdivision_name1 = [[West Bengal]]
| subdivision_name2 = [[North 24 Parganas]]
| established_title = Established
| established_date = {{Start date|2010|10|13|df=y}}<ref name="auto"/>
| established_title1 = Established as
| established_date1 =International Financial Hub
| established_title2 = Relaunched
| established_date2 = 2017<ref name="auto1">{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/suman-consultant-for-inward-investment-stretegy-in-new-town/articleshow/79572784.cms?from=mdr|title=Suman consultant for inward investment stretegy in New Town|newspaper=The Times of India |date=5 December 2020}}</ref>
| established_title3 = Relaunched as
| established_date3 = FinTech Hub Kolkata
| named_for =
| founder =
| government_type =
| governing_body =
| unit_pref =
| area_footnotes =<ref name="auto">{{Cite web|url=https://www.newsclick.in/politics-grounds-proposed-financial-hub-bengal|title=Politics Grounds Proposed Financial Hub in Bengal|date=27 September 2021|website=NewsClick}}</ref>
| area_total_acre =70
| area_urban_km2 =
| area_urban_footnotes =
| area_rank =
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| elevation_m =
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| timezone1 = [[Indian Standard Time|IST]]
| utc_offset1 =
| postal_code_type =
| postal_code =
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| registration_plate =
| blank_name = Administrative body
| blank_info = [[West Bengal Housing Infrastructure Development Corporation]]
| blank1_name = Rapid transit
| blank1_info = [[Orange Line (Kolkata Metro)|Kolkata Metro Orange Line]]
| blank2_name = Based on
| blank2_info = [[Financial technology in India|Financial technology]]
| footnotes =
| blank_name_sec2 =
| blank_info_sec2 =
| blank1_name_sec2 =
| blank1_info_sec2 =
| blank2_name_sec2 =
| demographics_type1 = [[Language]]
| demographics1_title1 = Official
| demographics1_info1 = [[Bengali language|Bengali]], English
| demographics1_title2 =
| demographics1_info2 =
| official_name =
| module =
| subdivision_type3 = Region
| subdivision_name3 = [[Kolkata Metropolitan Area]]
| subdivision_name4 =[[New Town, Kolkata|New Town]]
| subdivision_type4 = City
| subdivision_name5 = New Town CBD
| subdivision_type5 = Division
| website = {{URL|bengalfintechhub.in}}
}}
'''FinTech Hub''' (formerly known as ''International Financial Hub'') is a [[financial]], [[Commerce|commercial]] centre and [[business district]] located in [[New Town, Kolkata|New Town]] city, which lies outskirts of [[Kolkata]] under its [[Kolkata metropolitan area|metropolitan area]] in the state of [[West Bengal]], India.<ref name="auto2"/> The hub has the presence of a large number of banking, [[financial services|financial]] companies and [[law firm|legal]] institutions. Many major companies have their headquarters, offices and training centres operational or under construction.

==History and timeline==
===International Financial Hub===
In 2010, inspired by the [[Bandra Kurla Complex]] in [[Mumbai]] and to turn Kolkata into an international financial centre, the then chief minister of West Bengal [[Buddhadeb Bhattacharjee]] and finance minister [[Asim Dasgupta]] proposed an International Financial Hub on 100 Acres of land in [[New Town, Kolkata|New Town]]. The union finance minister of that time, [[Pranab Mukherjee]] laid the foundation stone of the project on 13 October 2010. The project had a deadline to be completed in five years. [[State Bank of India]], [[UCO Bank]], [[Punjab National Bank]] and UTI Mutual Fund stated to invest and agreed to build their offices in the hub.<ref name="auto"/>

In 2011, the new chief minister of West Bengal [[Mamata Banerjee]] restarted the project and laid the foundation stone again on 10 March 2012. While the previous Government accorded the project to a private company, this time the project was given to [[West Bengal Housing Infrastructure Development Corporation|HIDCO]].<ref name="auto"/> Up to 2014, 35.76 Acres were in use and out of 23 plots, 11 plots were booked. Banks and financial institutions like the [[National Insurance Corporation|NIC]], [[State Bank of India]], [[UCO Bank]], Punjab National Bank, [[Union Bank of India|Union Bank]], [[Bank of Baroda]], [[Allahabad Bank]], [[Corporation Bank]], Sriram Credit and West Bengal Financial Corporation and the HIDCO had their offices.<ref name="auto3">{{Cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/new-town-rajarhat-resurrects-as-financial-hub-as-government-takes-initiative/articleshow/41415749.cms?from=mdr|title=New Town Rajarhat resurrects as financial hub as government takes initiative|first1=Tamal|last1=Sengupta|first2=Sutanuka|last2=Ghosal|newspaper=The Economic Times |date=1 September 2014}}</ref> In 2014, National Green Tribunal, a legal firm set up their centre.<ref name="millenniumpost.in">{{cite web | url=https://www.millenniumpost.in/kolkata/fintech-hub-now-boasts-of-25-units-345754 | title=FinTech hub now boasts of 25 units | date=22 March 2019 }}</ref>

===2017 relaunch as FinTech hub===
In 2017, the project was relaunched as a FinTech hub. The purpose was to develop [[Fintech|financial technology]] industry in West Bengal. In 2020, 23 financial institutions had their offices setup in the hub.<ref name="auto1"/> First 10 Acres were identified<ref>{{Cite web|url=http://businessworld.in/article/HIDCO-Earmarks-Plot-In-New-Town-For-FinTech-Companies/17-09-2017-126325|title=HIDCO Earmarks Plot In New Town For FinTech Companies|website=BW Businessworld}}</ref> which was afterwards expanded. On 10 September 2021, HIDCO released an online portal for owing plots easily.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/owning-a-land-at-kolkata-fintech-hub-becomes-easier-with-online-facility/articleshow/86099645.cms?from=mdr|title=Owning a land at Kolkata Fintech Hub becomes easier with online facility|first=Atmadip|last=Ray|newspaper=The Economic Times |date=10 September 2021}}</ref><ref>{{Cite web|url=https://www.millenniumpost.in/kolkata/new-town-hakim-to-inaugurate-fintech-hub-today-452533|title=New Town: Hakim to inaugurate Fintech hub today|first=Team|last=MP|date=10 September 2021|website=www.millenniumpost.in}}</ref> Up to September 2021, 48 acres were allotted in 70 Acres.<ref name="auto"/> As of 2022, 28 financial and legal institutions have their offices in fintech hub.<ref name="auto2">{{cite web|url=https://bengalfintechhub.in/assets/pdf/FintechHub-AnOverview.pdf|title=FINTECH HUB IN NEW TOWN, KOLKATA|access-date=2023-08-20}}</ref>

==Overview==
As of 2022, there are 28 financial banking or legal companies in fintech hub.<ref name="auto2"/>

===Banking companies===

[[Bandhan Bank]] and Punjab National Bank have their headquarters at the hub.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-and-bandhan-bank-planning-to-move-their-back-office-verticals-to-fintech-hub-of-kolkata/articleshow/86097389.cms?from=mdr|title=SBI and Bandhan Bank planning to move their back office verticals to fintech hub of Kolkata|first=Atmadip|last=Ray|newspaper=The Economic Times |date=10 September 2021}}</ref> [[State Bank of India]] has their largest training centre at the hub.<ref name="auto5">{{Cite web|url=https://www.ndtv.com/business/sbi-launches-management-institute-details-here-1754564|title=SBI Launches Management Institute In Kolkata. Details Here|website=NDTV.com|date=24 September 2017 }}</ref> Other banking institutions like [[UCO Bank]],<ref name="auto6">{{Cite web|url=https://www.tendersontime.com/india/details/construction-executive-training-centre-uco-bank-rajarhat-kolkata-sh-hiring-diesel-vehicle-innova-38a2cc0/|title=Construction of Executive Training Centre for Uco ..., New Delhi, Delhi (NCT) Tender|website=TendersOnTime}}</ref> [[Punjab National Bank]] also have staff and executive training centres in FinTech hub.<ref name="auto3"/>

===Financial organisations===

[[National Insurance Company]], a leading insurance provider in India has their headquarters in the region.<ref name="nationalinsurance.nic.co.in">{{cite web | url=https://nationalinsurance.nic.co.in/en/contacts-us | title=Contact Us | National Insurance Company Limited }}</ref> Government institutions like West Bengal Financial Corporation and West Bengal Infrastructure Development Finance Corporation have planned their offices at the hub.<ref name="auto"/><ref name="auto2"/>
Other companies include Sriram Credit, Credit Company, New India Assurance.<ref name="auto"/><ref name="auto2"/><ref name="auto3"/>

===Vertical City===
Vertical City is a high-rise, mixed use skyscraper currently under construction. As of early 2024, the building is designed to have 38 stories, a mixture of commercial, startup, and residential spaces, and cost {{INR|link=yes}}163 crore.<ref>{{Cite news |last1=Bandyopadhyay |first1=Krishnendu |last2=Chakraborti |first2=Suman |date=7 March 2023 |title=West Bengal revives WTC plan to ease trade in east, NE |newspaper=[[The Times of India]] |url=https://timesofindia.indiatimes.com/city/kolkata/state-revives-wtc-plan-to-ease-trade-in-east-ne/articleshow/98463712.cms |url-status=live |access-date=25 December 2023 |archive-url=https://web.archive.org/web/20231225202932/https://timesofindia.indiatimes.com/city/kolkata/state-revives-wtc-plan-to-ease-trade-in-east-ne/articleshow/98463712.cms |archive-date=25 December 2023}}</ref>

===Facilities===
Fintech hub has FAR relaxation up to 6.0 which allows larger floor area construction.{{fact|date=May 2025}}

==List of office buildings or institutional centres==
This is a list of companies which have taken plot in FinTech hub and set up offices/ units/ training centres or financial centres.
{|class="sortable wikitable"
|-
! Company !! Type !! Building type !! Status (As of June 2023) !!Ref(s)

|-
| [[National Insurance Company]] || Financial || Headquarters ||style="background:lime;"| Operational ||<ref name="nationalinsurance.nic.co.in"/>

|-
| [[State Bank of India]] || Banking || Strategic and executive training unit ||style="background:lime;"| Operational||<ref name="auto5"/>

|-
| rowspan="2" | [[Bandhan Bank]] ||rowspan="2" | Banking || Headquarters || style="background:yellow;"|Under construction ||rowspan="2" |<ref name="auto4">{{Cite web|url=https://bengalfintechhub.in/plot-map|title=FinTech Hub::HIDCO|website=bengalfintechhub.in}}</ref>

|-
| Office
|style="background:yellow;"|Under construction

|-
| rowspan="2" | [[UCO Bank]] ||rowspan="2" | Banking || Office || style="background:lime;"|Operational||<ref name="auto4"/>

|-
| Strategic and executive training unit ||style="background:lime;"|Operational||<ref>{{cite web | url=https://www.tendersontime.com/india/details/construction-executive-training-centre-uco-bank-rajarhat-kolkata-sh-hiring-diesel-vehicle-innova-38a2cc0/ | title=Construction of Executive Training Centre for Uco ..., New Delhi, Delhi (NCT) Tender }}</ref>

|-
|[[Union Bank of India|Union Bank]] || Banking || Office || style="background:yellow;"| Under construction ||<ref name="auto4"/>

|-
|[[Bank of India]] || Banking || Office || style="background:yellow;"| Under construction ||<ref name="auto4"/>

|-
|[[National Green Tribunal]] || Legal || Office || style="background:lime;"|Operational ||<ref name="millenniumpost.in"/>

|-
|[[Karnataka Bank]] || Banking || Office || style="background:lime;"|Operational ||<ref name="auto4"/>

|-
| rowspan="2" | [[HDFC Bank]] ||rowspan="2" | Banking || Headquarters of Eastern India division||style="background:lime;"| Operational ||rowspan="2" |<ref name="auto4"/>

|-
| Currency chest
| style="background:yellow;"|Under construction

|-
|[[Directorate of Revenue Intelligence]] || [[Government of India]] agency || Office || style="background:lime;"| Operational ||<ref name="auto4"/>

|-
|[[Institute of Chartered Accountants of India]]|| Financial|| Campus || style="background:lime;"| Operational ||<ref>{{Cite web|url=https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/icai-to-open-11-coes-in-2-yrs-kolkata-chapter-by-dec-24/articleshow/107971668.cms?from=mdr|title=ICAI to open 11 CoEs in 2 yrs, Kolkata chapter by Dec 24|date=24 February 2024|via=The Economic Times - The Times of India}}</ref>

|-
|[[Punjab National Bank]] || Banking || Staff training centre || style="background:yellow;"| Under construction ||<ref name="auto4"/>

|-
| [[Oil and Natural Gas Corporation]] || [[Energy industry|Energy]]: [[Oil and gas industry|Oil and gas]] || East India headquarters ||style="background:yellow;"|Under construction ||<ref name="auto4"/>

|-
|[[Canara Bank]] || Banking || Office || style="background:yellow;"|Under construction ||<ref name="auto4"/>

|-
| West Bengal Finance Corporation || [[Government of West Bengal]] agency || Headquarters || style="background:yellow;"|Under construction ||<ref name="auto4"/>

|-
| [[West Bengal Housing Infrastructure Development Corporation|HIDCO]] || [[Government of West Bengal]] agency || Office || style="background:yellow;"|Under construction ||<ref name="auto4"/>

|-
| West Bengal Infrastructure Development Finance Corporation || [[Government of West Bengal]] agency|| Headquarters ||style="background:yellow;"| Under construction ||<ref name="auto4"/>
|-
|[[Axis Bank]] || Banking || Office || style="background:yellow;"|Under construction ||<ref name="auto4"/>
|-
|[[Allahabad Bank]] || Banking || Office || style="background:grey;"|TBD||<ref name="auto4"/>

|-
| [[Income Tax Appellate Tribunal]] || [[Government of India]] agency || Office ||style="background:grey;"| TBD||<ref name="auto4"/>

|-
| [[Bank of Baroda]] || Banking || Office || style="background:grey;"|TBD ||<ref name="auto4"/>

|-
| [[Corporation Bank]] || Banking || Office || style="background:grey;"|TBD ||<ref name="auto4"/>
|-
| [[Bank of Baroda]] || Banking || Office || style="background:grey;"|TBD|| <ref name="auto4"/>
|-
| Sriram Credit company || Financial || Office || style="background:grey;"|TBD ||<ref name="auto4"/>

|-
| [[Vijaya Bank]] || Banking || Office || style="background:grey;"|TBD ||<ref name="auto4"/>
|-
| [[Andhra Bank]] || Banking || Office || style="background:grey;"|TBD ||<ref name="auto4"/>
|-
| [[Syndicate Bank]] || Banking || Office || style="background:grey;"|TBD ||<ref name="auto4"/>
|-
| [[Indian Bank]] || Banking || Office || style="background:grey;"|TBD ||<ref name="auto4"/>

|-
| [[New India Assurance]] || Financial || Office || style="background:grey;"|TBD ||<ref name="auto4"/>

|-
| FoxMandal || Legal || Office || style="background:grey;"|TBD ||<ref name="auto4"/>
|}

==Transport==
Fintech Hub is located on the lines of [[Biswa Bangla Sarani]]. [[Kolkata Metro]]'s [[Orange Line (Kolkata Metro)|Orange Line]] serves as the rapid transit of the area.{{citation needed|date= April 2023}}

==See also==
*[[List of tech parks in Kolkata]]
*[[Bengal Silicon Valley Tech Hub]]

==References==
{{Reflist}}

[[Category:Financial districts in India]]
[[Category:Technology in society]]
[[Category:Economy of West Bengal]]
[[Category:Economy of Kolkata]]
[[Category:Business parks of India]]
[[Category:New Town, Kolkata]]

FinTech Hub - Revision history

Lakshay9887: Started Basic Stub Added Tags