Articles tagged under: IFSCA

GIFT city’s IFSCA and NSE IX lead Direct Equity Listing Summit

May 15, 2024
GIFT city’s IFSCA and NSE IX lead Direct Equity Listing Summit

Gandhinagar: The International Financial Services Centres Authority (IFSCA) and NSE International Exchange (NSE IX) in association with 3one4 Capital, and Indian Venture and Alternate Capital Association (IVCA) organized a conference on May 10, 2024 in Bengaluru, focused on Direct Equity Listing for Indian Startups in the Gujarat International Finance Tec-City (GIFT IFSC). This event aligns with the objective of the Government of India to reshape the Indian capital market landscape and offers I...Read More

Union govt notifies additional financial services to be offered at GIFT IFSC

January 23, 2024
Union govt notifies additional financial services to be offered at GIFT IFSC

Gandhinagar: The International Financial Services Centre (IFSC) located in GIFT City will now be offering more financial services, as notified by the Union Government through a Gazette notification issued recently. Services such as bookkeeping, accounting, taxation, and financial crime compliance have been brought under the ambit of IFSC. According to the Gazette notification,"In exercise of the powers conferred by sub-clause (xiv) of clause (e) of sub-section (1) of section 3 of the Internat...Read More

Bank of India inaugurates IFSC Banking Unit in GIFT City

July 12, 2023
Bank of India inaugurates IFSC Banking Unit in GIFT City

Gandhinagar: Bank of India today inaugurated its IFSC Banking Unit (IBU) in the GIFT SEZ area in Gandhinagar. The International Financial Services Banking Unit was inaugurated by the Bank’s MD & CEO Mr. Rajneesh Karnatak in the presence of the Bank’s Executive Director Mr. Swarup Dasgupta and Executive Director of IFSCA – Mr. Pravin Trivedi. “With a rich heritage of 117 years, Bank of India looks forward to making a mark at IFSC GIFT City also. The BOI IBU has the twin advantage ...Read More

IFSCA approves DBS Bank to set up international banking unit at GIFT City

June 24, 2023
IFSCA approves DBS Bank to set up international banking unit at GIFT City

Gandhinagar: DBS Bank Ltd, a multinational banking and financial services corporation based in Singapore, has received approval from the International Financial Services Centre Authority (IFSCA) to establish an international banking unit (IBU) at GIFT City. This move is expected to attract more financial companies from Singapore to GIFT City, following the arrival of SGX Nifty. At its GIFT City IBU, DBS will offer various financial services such as trade finance, external credit borrowing (EC...Read More

Bank of Baroda inaugurates new premises of IFSCBU in GIFT City, Gujarat

April 19, 2023
Bank of Baroda inaugurates new premises of IFSCBU in GIFT City, Gujarat

Gandhinagar: As it aims to expand its operations at GIFT City, Bank of Baroda (Bank), announced that the Bank’s International Financial Services Centre Banking Unit (IFSCBU) in GIFT City has inaugurated its new premises today at Brigade International Financial Centre in GIFT IFSC, Gandhinagar. The Bank will set up International Treasury operations, a Centralised Trade Finance hub and Capital Markets business and scale up its Foreign Exchange and Derivatives Trading activities at GIFT IFSC.  ...Read More

JBIC – IndusInd Bank GIFT City Gujarat branch USD 100 million loan pact

April 19, 2023
JBIC – IndusInd Bank GIFT City Gujarat branch USD 100 million loan pact

Mumbai: IndusInd Bank today announced that its GIFT City IBU branch has entered into a USD 100 million long-term loan agreement with the Japan Bank for International Cooperation (JBIC). The funds thus raised, will be used by IndusInd Bank to foster the growth of Japanese construction equipment companies in India through need-based credit facilities to the upstream and downstream companies. Mizuho Bank Ltd. Japan, the Shizuoka Bank Ltd. Singapore and the Joyo Bank Ltd. Japan will also co-finance ...Read More

Morgan Stanley likely to set up base at GIFT City; first global fund to do so

March 11, 2023
Morgan Stanley likely to set up base at GIFT City; first global fund to do so

Gandhinagar: Morgan Stanley, a prominent global financial services company, has received in-principle approval from the IFSC Authority to establish an office at the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar. The company is expected to begin operations at GIFT City within the next six months with a Category III alternative investment fund (AIF). This move makes Morgan Stanley the first global fund to establish a presence at the emerging financial hub of GIFT IFSC...Read More

વડાપ્રધાનની મુલાકાત દરમિયાન IFSCA દ્વારા કરાયેલ મહત્વની જાહેરાત

July 30, 2022
વડાપ્રધાનની મુલાકાત દરમિયાન IFSCA દ્વારા કરાયેલ મહત્વની જાહેરાત

ગાંધીનગર: વડાપ્રધાન શ્રી નરેન્દ્ર મોદીએ આજે ગુજરાત ઇન્ટરનેશનલ ફાઇનાન્સ ટેક- ગિફ્ટ સિટીની મુલાકાત દરમિયાન "IFSCA ટાવર", IFSCA ના મુખ્યાલયની ઇમારતનો શિલાન્યાસ કર્યો હતો. વડાપ્રધાનશ્રી એ ઈન્ડિયા ઈન�...Read More

વડાપ્રધાન નરેન્દ્રભાઈ મોદીના હસ્તે IFSCA મુખ્યાલયનો શિલાન્યાસઃ ઇન્ડિયા ઇન્ટરનેશનલ બુલિયન એક્સચેન્જ (IIBX) અને NSE IFSC-SGX કનેક્ટનું લોકાર્પણ

July 29, 2022
વડાપ્રધાન નરેન્દ્રભાઈ મોદીના હસ્તે IFSCA મુખ્યાલયનો શિલાન્યાસઃ  ઇન્ડિયા ઇન્ટરનેશનલ બુલિયન એક્સચેન્જ (IIBX) અને NSE IFSC-SGX કનેક્ટનું લોકાર્પણ

ગાંધીનગર: વડાપ્રધાન શ્રી નરેન્દ્રભાઈ મોદીએ આજે ગિફ્ટ સિટી, ગાંધીનગર ખાતે ભારતના પ્રથમ આંતરરાષ્ટ્રીય નાણાકીય સેવા કેન્દ્ર (IFSC)ની મુલાકાત દરમિયાન ઇન્ટરનેશનલ ફાઈનાન્સિયલ સર્વિસીસ સેન્ટર્સ �...Read More