International Financial Services centres Authority (IFSCA) Current Affairs, GK & News

International Financial Services Centres Authority (IFSCA)

March 4, 2022

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 economy. IFSC centres deal with flows of finance, financial products and services across borders. London, ..

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Draft framework on Sustainable Financial Lending

March 4, 2022

On March 2, 2022, the International Financial Services Centres Authority (IFSCA) invited public to comment on “draft framework on sustainable and sustainability-linked lending by financial institutions” in the IFSCs. Highlights The draft guidance framework seeks to encourage the IFSC banking units (IBU) and finance companies or finance units (FC/FUs) for internally developing a comprehensive board ..

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IFSCA sets up Expert Committee on Sustainable Finance

October 2, 2021

International Financial Services Centres Authority (IFSCA) has constituted an Expert Committee in a bid to recommend approach towards development of Sustainable Finance Hub. Key Points The expert committee is being chaired by C.K. Mishra, Former Secretary to the “Ministry of Environment, Forest & Climate Change”. In all, committee has 10-members, who will recommend ways to ..

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IFSCA sets up group to suggest on longevity finance hub

July 16, 2021

Gift-City regulator, IFSCA (International Financial Services Centres Authority) has set up an expert committee to suggests on approach towards development of Longevity Finance Hub in Gift-City of Gujarat. About Expert Committee Expert committee will be co-chaired by Kaku Nakhate, President & Country Head (India) of Bank of America and Gopalan Srinivasan, Ex-CMD of New India ..

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K.P. Krishnan Committee on Variable Capital Company submits report

June 3, 2021

Dr. K.P. Krishnan committee on “Variable Capital Company” has submitted its report to International Financial Services centres Authority (IFSCA) regarding feasibility of Variable Capital Companies in International Financial Services Centres in India. Background IFSCA had set up K.P. Krishnan committee to explore potential for allowing variable capital company (VCC) as an additional option using which ..

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