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IFSC News

03 Mar 2022

Indians can now trade in Google, Apple, 6 other stocks on NSE IFSC, check how

The complete process of trading, clearing, settlement and holding of US Stocks will be managed by IFSC Authority’s regulatory structure. Investors can invest in US stocks such as Alphabet (Google), Amazon, Tesla, Meta Platforms (Facebook), Microsoft, Apple, Netflix, and Walmart. Investors will need to open a trading and demat account with NSE IFSC registered brokers.

11 Jul 2021

Bank alert! IFSC codes of THESE banks have changed

You can easily get the IFSC codes from the merged bank’s website of customer support. You can register for the new IFSC codes via the bank’s website. You will have to fill in the required details to get the new IFSC code.

27 Jun 2021

Syndicate Bank IFSC code will change from July 1, here’s how to get new one

The new IFSC codes of the bank will be applicable from July 1, 2021. Existing customers of Syndicate Bank can get new IFSC from Canara's official website. You can also contact the customer care of Canara Bank on 18004250018 to get the details.

29 Apr 2021

Bank customers alert! Stop using old IFSC codes of THESE banks

All the old IFSC codes are discontinued and the new codes are being granted by the anchor banks. Oriental Bank of Commerce, United Bank of India, Syndicate Bank, Andhra Bank, Corporation Bank and Allahabad Bank customers will face the issue. Account-holders of all the above banks should start sharing the new IFSC codes.

09 Jul 2020

Sebi revises shareholding limit for exchanges operating in IFSC

The decision has been taken based on the internal discussions and consultations with the stakeholders, the Securities and Exchange Board of India (Sebi) said in a circular.

04 May 2020

People will drown Maharashtra's enemy in Arabian Sea, says Shiv Sena

The ongoing tussle between the Shiv Sena and BJP over the Centre's decision to shift International Financial Service Center (IFSC) from Mumbai to Gujarat's Gandhinagar intensified on Monday (May 4) with the Shiv Sena attacking both Prime Minister Narendra Modi and former Maharashtra CM Devendra Fadnavis for this move.

03 May 2020

Sharad Pawar slams Centre's move to shift IFSC to Gujarat, terms it 'egregious

Pawar said the Centre's move to set up the headquarters of IFSC at Gandhinagar would be taken as an act of undermining the strategic importance of Mumbai that boasts as the nation's financial capital.

11 Jun 2018

BSE’s India INX launches Segregated Nominee Account Structure

India INX, India's first international exchange based in the IFSC at GIFT City, was set up in January 2017.

31 Aug 2017

Bonds issued outside can get listed on IFSC exchanges: Sebi

The country's only IFSC has been set up in GIFT City near Ahmedabad, where both the BSE and the NSE have set up exchanges.

27 Apr 2017

Sebi provides leeway for IFSC banking units to act as brokers

Markets regulator Sebi on Thursday allowed banking entity operating in international financial services centres (IFSC) to act as stock broker or a clearing member, without forming a separate company.

11 Jan 2017

RBI continuing to press ahead for smooth transmission of monetary policy: Urjit Patel

RBI Governor Urjit Patel on Wednesday said that the central bank will continue to press ahead for a more fluid and smooth transmission of monetary policy.

30 Dec 2016

BHIM app: All you need to know!

The app allows to make cashless payments over mobile phones. The app is developed by National Payment Corporation of India (NCPI).

12 Apr 2015

BSE hopes to operationilse IFSC exchange in 12-18 months

India's premier bourse BSE, which was the first exchange to enter the just-launched International Financial Services Centre (IFSC) in Ahmedabad, has said it hopes to commission its exchange there within 12-18 months.

International Financial Services Centre

11 Apr 2015

IFSC: 5 things you want to know about the global financial hub

The regulations are aimed at creating a vibrant IFSC on the lines of those in Dubai and Singapore and check the flight of trading in rupee and Indian securities to such offshore financial hubs.

International Financial Services Centre

11 Apr 2015

'Through IFSC India can become re-insurance hub in SAARC'

Putting high hopes on the India's first International Financial Services Centre(IFSC) at GIFT City here, insurance regulator IRDAI's chief T S Vijayan said it can make India a leading player in the multi-billion dollar re-insurance segment.

10 Apr 2015

Banks can't deal in cash at IFSC: RBI

Reserve Bank Deputy Governor R Gandhi Friday made it clear that domestic banks setting up shops at the International Financial Services Centre (IFSC) here must adhere to anti-money laundering norms and refrain from doing cash transactions.

International Financial Services Centre

10 Apr 2015

India's first IFSC becomes operational

India's first International Financial Services Centre (IFSC) at GIFT City near here became operational on Friday and Finance Minister Arun Jaitley unveiled rules and regulations for this global financial hub.

10 Apr 2015

FM Jaitley to announce rules for country's first IFSC today

Arun Jaitley is scheduled to unveil rules and regulations for the upcoming International Financial Services Centre (IFSC) at a conference to be held in Gandhinagar at Mahatma Mandir on Friday.

01 Apr 2015

RBI says rupee transactions will not be allowed in international centres

The government is setting up the first IFSC in Prime Minister Narendra Modi`s home state, Gujarat, which will be known as Gujarat International Finance Tec-City (GIFT).

27 Mar 2015

Sebi issues guidelines for international financial centres

The game-changing norms are aimed at creating a vibrant IFSC within India on the lines of Dubai and Singapore, and also help check trading in Indian securities and rupee derivatives at offshore financial hubs.

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