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Recent Current Affairs related to IFSCA

12 News
23 September 2026 REPORTS

According to the 40th edition of the Global Financial Centres Index (GFCI 40) released by Z/Yen Partners, in collaboration with the China Development Institute (CDI), the Gujarat International Finance Tec-City (GIFT City) is ranked 37th globally.

New York is ranked top among the global financial centres, followed by London, Hong Kong, and Singapore.

2 July 2026 BANKING

LEXI Money IFSC Pvt Ltd (LEXI), an AI-powered trade and payments platform, has received in-principle approval from the International Financial Services Centres Authority (IFSCA).

This approval authorizes the platform to operate as a Payment Service Provider (PSP) at the Gujarat International Finance Tec-City International Financial Services Centre (GIFT-IFSC) in Gandhinagar, Gujarat.

6 June 2026 BANKING

Decentro has become the first Indian Payment Aggregator (PA) to secure final approval from the International Financial Services Centres Authority (IFSCA) to operate as a Payment Service Provider (PSP). The company will conduct its operations at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat.

Established in 2020, the company plans to launch 4 services under the PSP framework, which include merchant acquisition, virtual account issuance, cross-border money transfers, and escrow services.

21 May 2026 BANKING

ICICI Bank, in partnership with Visa, has launched India’s first USD-denominated debit card for Non-Resident Indian (NRI) customers.

The card was introduced through the International Financial Services Centre (IFSC) Banking Unit (IBU) located at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat. The card is built on the Visa Infinite platform, which is the highest tier in the Visa network.

18 May 2026 BANKING

CTBC Bank Co Ltd has inaugurated a new branch at the GIFT City in Gandhinagar, Gujarat, becoming the first Taiwanese bank to establish a presence in the International Financial Services Centre (IFSC) of India.

It is to be noted that the bank has been operating in India for 30 years and has existing branches in New Delhi and Chennai.

30 April 2026 BUSINESS

The International Financial Services Centres Authority (IFSCA) has granted a licence to the Abu Dhabi National Insurance Company (ADNIC) to establish a reinsurance branch at the Gujarat International Finance Tec-City (GIFT City) in Gujarat. ADNIC is the first insurance provider based in the UAE to establish a presence within this international financial hub of India.

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