Perspectives on regulation, markets, compliance and GIFT IFSC
New Shipping Firm planned to expand fleet in next decade
OVERVIEW: The Indian government is set to launch a new shipping company with the ambitious goal of expanding its maritime fleet by 1,000 ships within the next ten years. This initiative aims to enhance India's maritime…
Read insight →IFSCA (BATF) Regulations, 2024
OVERVIEW: On June 6, 2024 the International Financial Services Centres Authority notified the International Financial Services Centres Authority (Book- keeping, Accounting, Taxation and Financial Crime Compliance…
Read insight →Bank of India Acquires 6.1% Stake in CCIL IFSC
OVERVIEW: The Bank of India (BoI) acquired a 6.125% stake in the Clearing Corporation of India Ltd. (IFSC). - This move reflects BoI's commitment to strengthening its presence in GIFT City, India's international…
Read insight →Clarification on Broker Dealer Global Access and Fees issued by IFSCA
Clarifications on Broker Dealer Global Access and Fees issued by IFSCA OVERVIEW: The International Financial Service Centres Authority (IFSCA) has released a significant circular concerning clarification regarding…
Read insight →RBI to further internationalise Rupee and Strengthen GIFT City
OVERVIEW: The Reserve Bank of India (RBI) has laid out an extensive plan to internationalise the Indian rupee (INR) and enhance the role of GIFT City in Gujarat as a global financial hub. These initiatives are designed…
Read insight →SEBI approves 100% NRI & OCI participation in FPIs in IFSC GIFT City
OVERVIEW: The Securities & Exchange Board of India (SEBI) has made a significant decision to allow Foreign Portfolio Investors (FPIs) based in the IFSC at GIFT City to accept up to 100% contributions from Non-Resident…
Read insight →GIFT City Outshines and becomes a Prime Choice for FPIs
OVERVIEW: GIFT City (Gujarat International Finance Tec-City), India's pioneering International Financial Services Centre (IFSC), is quickly emerging as the top destination for foreign portfolio investors (FPIs). FPIs…
Read insight →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…
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