New Delhi: The Reserve Bank has significantly improved the attractiveness and usefulness of GIFT IFSC by clarifying the use of LRS for investments and allowing transactions such as insurance and education loan payments in foreign currency, GIFT City CEO said on Thursday. and group CEO Tapan Ray...
Mumbai: The Reserve Bank of India on Wednesday allowed banks to use the ratings of Brickwork Ratings India Pvt Ltd for loans up to Rs 250 crore.RBI asked banks and other regulated entities not to obtain any new ratings from Brickwork Ratings India in October 2022.The certificate of...
New Delhi: Public sector Bank of India on Monday said it has acquired 6.125 per cent stake in recently incorporated CCIL IFSC listed in GIFT SEZ, signaling its commitment towards the growth of the IFSC.The announcement was made by Subrata Kumar, Executive Director (International Operations)...
New Delhi [India], Indian Renewable Energy Development Agency Limited (IREDA) has incorporated a wholly owned subsidiary named “IREDA Global Green Energy Finance IFSC Limited” in the International Financial Services Center (IFSC) located at GIFT City, Gujarat. " Is placed. After receiving the...
The subsidiary, IREDA Global Green Energy Finance IFSC Limited, “positions IREDA to not only expand its global reach, but also secure competitive funding to advance the development of the renewable energy sector in line with the Central Government’s ambitious ‘Panchamrit’ targets.” It also...
New Delhi: State-owned IREDA on Thursday said it has incorporated a subsidiary in the International Financial Services Center (IFSC) located in GIFT City Gujarat.IREDA Global Green Energy Finance IFSC Limited was officially incorporated on May 7, after receiving a no-objection letter from the...
New Delhi, Financial Planning Standards Board India on Monday announced that it signed an agreement with the International Financial Services Center Authority (IFSCA), GIFT City, Gandhinagar to promote GIFT IFSC as a 'Global Finance Hub' Are.FPSB India and IFSCA aim to enhance the financial...
New Delhi [India], International Financial Services Center (IFSC) Authority has permitted IFSC banking units registered with SEBI as Foreign Portfolio Investors (FPIs) to issue derivative instruments with Indian securities as underlying assets in GIFT-IFSC A. Is allowed. A derivative is an...
New Delhi, Market regulator Sebi on Tuesday decided to provide flexibility to venture capital funds (VCFs) to deal with illiquid investments of their schemes after the expiry of their tenure.Further, SEBI has decided to create a framework that makes it easier for non-resident Indians, overseas...
Mumbai, Education loan-focused lender HDFC Credila Financial Services on Tuesday said it has raised US$100 million in external commercial borrowings (ECB).DBS Bank's IFSC banking unit at Gujarat International Finance Tech-City (GIF City) said in a statement that it led the syndicated loan.It...