Question
What is the primary purpose of the Indian Banks'
Association (IBA) forming the Sectoral Committee for GIFT City member banks?Solution
 The Indian Banks' Association (IBA) has constituted a sectoral committee for member banks operating within the Gujarat International Finance Tec-City (GIFT City). IBA has constituted the Sectoral Committee to address the unique regulatory landscape and challenges faced by banks operating within GIFT City.    The committee will act as a bridge between the banking industry and regulators, ensuring that concerns and perspectives are effectively communicated and addressed.  GIFT City currently accommodates 26 banks. Earlier, banks individually took up issues faced by them with the International Financial Services Centre Authority (IFSCA).
In how many layers the Non-Banking Financial Company (NBFC) is classified?
What is the primary objective of the Forex Correspondents Scheme introduced by the Reserve Bank of India?
Which two great footballers, who were members of the gold medal winning team of 1962 Asian Games, passed away in 2020?
Who won the women’s title at the Fenesta National Tennis Championship in 2024?
The government has appointed former civil servant ________ as the chairperson of the Insolvency and Bankruptcy Board of India (IBBI).
India's outward FDI increased to how much in August 2024?
Who founded the East India Association in London?
Consumption Fund, an open-ended scheme that will invest in equity, equity related securities of firms engaged in consumption and consumption related act...
What is the primary purpose of the Indian Banks' Association (IBA) forming the Sectoral Committee for GIFT City member banks?
Collins Dictionary has named _______ as the Word of the Year 2021.
Relevant for Exams:
