IFSC 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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What is IAIS?

International Association of Insurance Supervisors (IAIS) is a voluntary membership organisation of insurance supervisors and regulators from more than 200 jurisdictions constituting 92% of the world’s insurance premiums. It is the international standard setting body in charge of developing and assisting in the implementation of principles, standards and other supporting materials for the supervision of ..

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IFSC submits its report on Capital Market to IFSCA

IFSC International Retail Business Development Committee has presented its final report to IFSCA on November 11. The final report has recommendations on Capital Markets. The committee also made recommendations for the development of IFSC. Before this, the committee has submitted two interim reports on insurance and banking. This IFSC International Retail Business Development Committee was ..

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IFSCA approves draft banking regulations at IFSC

International Financial Services Centres Authority (IFSCA) conducted a meeting on November 11 in New Delhi. The IFSC Authority approved the International Financial Services Centres Authority (Banking) Regulations, 2020 in the meeting. The draft banking regulations approved at the meeting opens the way for making rules for the various aspects of banking operations that would be ..

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Injeti Srinivas Committee submits report

On October 22, 2020, the Injeti Srinivas Committee submitted its second interim report to the chairperson of International Financial Services Centres Authority (IFSCA). It was an IFSCA Expert Committee that was constituted to study about the international retail business development in IFSC. Background The committee as constituted to make recommendations on promoting international retail business ..

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