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IFSC provides an opportunity to global businesses to set up wide variety of business verticals in Banking, Insurance, Fund/Asset management, Capital Markets and Trading, IT services and ITeS/BPO services. Gujarat International Finance Tec-City (GIFT City) is the first IFSC that was set up in Gujarat in 2015. Earlier the different business segments in IFSC were governed by different regulators namely Reserve Bank of India (RBI) for banking and capital market undertakings, Securities and Exchange Board of India (Sebi) for fund management and capital markets and Insurance and Regulatory Development Authority of India (IRDAI) for Insurance. Recognizing the need for co-ordination amongst all the regulators to ensure smooth business operations in IFSC, GoI established a unified regulator i.e., International Financial Service Centers Authority (IFSCA) under the IFSC Act to govern activities of all units established in IFSC . IFSCA was established in April 2020 and its current Chairman is Mr. Injeti Srinivas.
Which of the following is a credit rating agency in India?
BSE and National Stock Exchange have imposed a fine of Rs 5.36 lakh each on __________for not having the required number of independent directors includ...
Which of the following is an asset-backed security?
Who is the chairperson of Central Depository Services Ltd ?
Which city ranked highest among Indian cities in the 2024 Oxford Economics Global Cities Index?
Which organization in India is responsible for issuing government bonds?
Canara Bank was nationalized in which of the following year?
What is the maximum period for which a Public Sector Bank (PSB) can hold a NonPerforming Asset (NPA) before it must be classified as a loss asset?
Which loan type typically requires collateral and is used for purchasing large assets?
According to the data provided by the Department of Commerce & Industry, the value of goods exported from India fell to a nine-month low at _________ in...
