IFSCA executed MoU with Reserve Bank of India (RBI).

  • International Financial Services Centers Authority (IFSCA) and Reserve Bank of India (RBI) have signed a Memorandum of Understanding (MoU) for cooperation in regulation and supervision of regulated entities in their respective jurisdictions.
  • The MoU provides for technical cooperation and exchange of information.
  • The IFSCA, being a unified regulator responsible for development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) established in India, is, inter-alia, entrusted with the responsibility of regulation and supervision of authorized banks and non-banking financial institutions operating in such IFSCs.
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