IFSCA Recruitment 2020

IFSCA Recruitment

Official Website of INTERNATIONAL FINANCIAL SERVICES CENTERS AUTHORITY

This is  IFSCA  official website for new jobs and related news updates.

https://dea.gov.in/

About IFSCA

An IFSC deliberately provides Indian corporates with easier access to global financial markets, and to complement and promote further development of financial markets in India. The financial services and transactions that are presently administered in offshore financial centres by Indian corporate entities and overseas branches or subsidiaries of Monetary Institutions like banks, insurance companies, etc. to India will be brought back by an IFSC. This is done by providing a business and regulatory environment compared to other leading international financial centres in the world like London and Singapore. It will conduct business in such foreign currency and with such entities, whether resident or non-resident.

International Financial Services Centre (IFSC) will provide services to the purchasers outside the jurisdiction of the local or domestic economy, deals with flows of finance, financial products and services across borders.

International Financial Services Centres Authority was established by the central government to regulate all financial services in International Financial Services Centres (IFSC) with the headquarters in Gandhinagar (Gujarat).

The International Financial Services Centres authority will administer financial products that have been previously approved by any appropriate regulator like RBI or SEBI. The financial products include securities, deposits or contracts of insurance, financial services, and monetary institutions.

Processes which are applicable to such financial products, financial services and financial institutions will also be followed by it under their respective laws. In a Schedule Bill, the appropriate regulators are listed and include the RBI, SEBI, IRDAI and PFRDA. This schedule can be amended by the central government through a notification.

The first IFSC in India has been set up at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. The Bill is applicable to all the IFSCs set up through the SEZ Act, 2005.