Financial Institutions

International Financial Services Centres

International Financial Services Centre Authority (IFSCA): It has been established in 2020 under the International Financial Services Centres Authority Act, 2019. It is headquartered at GIFT City, Gandhinagar in Gujarat. Purpose: It is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre …

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EXIM stands for Export-Import Export-Import Bank of India is a wholly owned Govt. of India entity Established in 1982 HQ : New Delhi Aim : financing, facilitating and promoting foreign trade of India. The EXIM bank extends Line of Credit (loC) to overseas financial institutions, regional development banks, sovereign governments and other entities abroad. Thus …

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  NABARD is an apex development bank in India. The Reserve Bank of India (RBI) holds the majority stake in it. Headquarters: Mumbai, Maharashtra. Established: 1982 on the recommendations of Shivaraman Committee to implement the National Bank for Agriculture and Rural Development Act, 1981. It has been entrusted with matters concerning policy, planning and operations …

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