HCM & HRIS

CIBC to set up GCC in Hyderabad, plans 2,000 jobs

June 17, 2026
www.ETHRWorld.com
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< />Canadian banking major <a id=” captionrendered=”1″ data-src=”https://etimg.etb2bimg.com/photo/131466700.cms” height=”442″ href=”http://hr.economictimes.indiatimes.com/tag/cibc” keywordseo=”CIBC” loading=”eager” meta.entityname=”CIBC” meta.hostid=”448″ meta.keywordsubtype=”org” source=”keywords” src=”https://hr.economictimes.indiatimes.com/images/default.jpg” type=”General” weightage=”20″ width=”590″></img>CIBC (Canadian Imperial Bank of Commerce) has announced plans to establish a global capability centre (GCC) in Hyderabad, further expanding the city’s banking and financial services footprint.</p> <p>The proposed centre is expected to commence operations in July and will support CIBC’s global technology and financial services functions.</p> <p>According to government officials, the center will create more than 2,000 jobs across banking technology, data and related functions over the coming years. </p> <p>The expansion adds CIBC to a growing roster of BFSI companies that have established operations in the city, including HSBC, Barclays, IPL, JPMorgan Chase, American Express, UBS and Wells Fargo.</p> <p>Separately, food and beverage giant Nestle has also selected Hyderabad for its upcoming GCC. The centre, expected to be operational in the coming months, is likely to fuel the city’s FMCG sector while generating jobs and supporting innovation and supply chain development. </p> <div> <div aria-label=

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