Perspectives on regulation, markets, compliance and GIFT IFSC
Leading Banks set up GIFT City play buy stakes in CCIL IFSC
OVERVIEW: In a strategic move to expand its foothold within the Gujarat International Finance Tec City (GIFT City), the State Bank of India (SBI) has finalized the acquisition of a 6.125% stake in Clearing Corporation…
Read insight →SBI becomes trading-clearing member of IIBX
OVERVIEW: State Bank of India (SBI) has made history by becoming the first bank to join the India International Bullion Exchange (IIBX) as a Trading cum Clearing (TCM) Member. SBI's IFSC Banking Unit (IBU) can now trade
Read insight →Foreign Funds can issue P-notes to investors in GIFT City
OVERVIEW: Foreign funds registered with India's markets regulator and with operations at GIFT City can now issue participatory notes. Previously, only banks registered with GIFT City could issue P-note. Now, foreign…
Read insight →Internet Banking Services of IFSC Banking Units in GIFT City
OVERVIEW: International Financial Services Centres Authority (IFSCA) has taken a significant stride towards enhancing banking services within International Financial Services Centres (IFSCs). With its recent circular…
Read insight →Import of Gold and Silver by Indian Banks through IIBX
Import of Gold and Silver by Indian Bank through IIBX OVERVIEW: In a recent move for the import process of gold and silver into India, the International Financial Service Centres Authority (IFSCA) issued a circular on…
Read insight →Adani invests Rs.1,689 Cr for Ship Leasing Business in IFSC GIFT City
OVERVIEW: Adani Ports and Special Economic Zone Ltd (APSEZ) has proposed a significant investment of Rs.1,689 crore for the establishment of Poseidon Leasing IFSC Ltd, a step down subsidiary company, to operate within…
Read insight →Simplifying the Launching of Scheme or Funds in IFSC, GIFT City
Simplifying the Launching of Schemes or Funds in IFSC, GIFT City OVERVIEW: The International Financial Services Centres Authority (IFSCA) has taken significant steps to simplify Scheme/Fund launches for the fund…
Read insight →Allianz Partners Launches Operation at IFSC, GIFT City
Allianz Partners Launches Operations at IFSC, GIFT City OVERVIEW: France based Allianz Partners announced the launch of its IFSC Insurance Office (IIO Reinsurance Branch) in International Financial Services Centre…
Read insight →ADB approves $23 million loan to boost GIFT City
OVERVIEW- The Asian Development Bank (ADB) has sanctioned a USD 23 million loan with the Gujrat International Finance Tec-City (GIFT) in India. - According to ADB, Gujarat International Finance Tec-City (GIFT), a…
Read insight →IRB Infra lists $540 Million foreign currency bonds on ′India INX′
OVERVIEW- IRB Infrastructure Developers Ltd (IRB) on February 22 said its board of directors has approved a fundraise of up to $540 million through foreign currency bonds. - The bonds, carrying a coupon rate of 7.11%,…
Read insight →HDFC Bank secures $750 Million funding from GIFT City IFSC
BACKGROUND : In a recent development, HDFC Bank secured $750 million from the GIFT City International Financial Services Centre (IFSC) in Gandhinagar, Gujarat. The funding was obtained through a combination of USD…
Read insight →Direct Listing of Indian Companies at GIFT City Exchanges
Direct Listing of Indian Companies at GIFT City Exchanges Notification to boost flow of foreign funds into the country OVERVIEW: The Central Government has issued a notification allowing the direct listing of shares of…
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