IFSC, GIFT City, IFSCA and IFSC Banking Units

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IFSC, GIFT City, IFSCA and IFSC Banking Units - Article

This article explains International Financial Services Centres, GIFT City, IFSCA and IFSC Banking Units in simple CAIIB-focused language. It covers the purpose of an IFSC, GIFT City structure, unified regulatory framework, IBU licensing, foreign-currency accounts and major permissible banking activities. It also highlights recent developments such as resident LRS accounts and the Foreign Currency Settlement System.

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