IFSC Act Current Affairs, GK & News

NBFCs to function in GIFT city, Gujarat

The International Financial Service Centre recently granted permission for the Non-Banking Finance Companies to operate in Gujarat GIFT City. The NBFCs will now be allowed to offer whole range of services such as loans, investment banking, exotic derivative trades and third-party product sales. Significance The move will attract top financial services from all over the ..

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IFSC Authority Established at Gandhinagar

The government has established the International Financial Services Centres Authority with its headquarters in Gandhinagar, Gujarat to regulate all financial services. About IFSC Authority The IFSC Authority was established by a notification recently, with its headquarters in Gandhinagar, Gujarat. Financial services which are being regulated by multiple bodies- RBI, IRDAI and SEBI- will be regulated ..

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