IFSC
International Financial Services Centres Authority (IFSCA)
IFSCA is a unified authority for the development and regulation of financial products, financial services, and financial institutions in international financial services centers. About International Financial Services Centre (IFSC) An IFSC caters to customers outside the jurisdiction of the domestic ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs - 2024
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 ..
Month: Current Affairs - April, 2021
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 ..
Month: Current Affairs - December, 2020
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 ..
Month: Current Affairs - November, 2020
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 ..
Month: Current Affairs - November, 2020
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 ..