- A financial hub that serves clients outside the jurisdiction of the domestic economy is known as an IFSC.
- The International Financial Services Centres Authority (IFSCA), a statutory body created by the International Financial Services Centres Authority Act, 2019, oversees the IFSC in India.
- Its main office is located in Gujarat’s GIFT City, Gandhinagar.
- The GIFT IFSC is currently India’s first IFSC.
- All IFSC transactions (except from INR) must be made in foreign currencies. On the other hand, statutory and administrative costs may be paid in Indian rupees.
INTERNATIONAL FINANCIAL SERVICES CENTRE
Table of Contents
- Overview
- Key Points
- Strategy and Practice
