Which of the following types of companies are not permitted to set up operations in GIFT City's IFSC?
GIFT City's IFSC is primarily meant for financial services companies, and therefore, manufacturing companies are not permitted to set up operations in the IFSC. However, banking companies, insurance companies, and asset management companies are permitted to set up operations in GIFT City's IFSC. The IFSCA has laid down regulations and guidelines for these companies to follow. Option D is correct.
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Scheduled Commercial Banks (SCBs) are permitted to undertake credit card business either independently or in tie-up arrangement with other card-issuing...
