𝗧𝗵𝗲 𝟮𝗻𝗱 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗜𝗙𝗦𝗖𝗔’𝘀 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗳𝗼𝗿 𝗔𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗼𝗳 𝗜𝗙𝗦𝗖 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗨𝗻𝗶𝘁𝘀 𝗗𝗮𝘁𝗲: 22 October 2026 | 𝗩𝗲𝗻𝘂𝗲:GIFT City Club, Gandhinagar, Gujarat 𝗠𝗿. 𝗔𝗺𝗶𝘁 𝗞𝘂𝗺𝗮𝗿, 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗠𝗮𝗻𝗮𝗴𝗲𝗿, 𝗗𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 𝗼𝗳 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗦𝘂𝗽𝗲𝗿𝘃𝗶𝘀𝗶𝗼𝗻 (𝗗𝗼𝗕𝗦), 𝗜𝗙𝗦𝗖𝗔, delivered a presentation on Supervisory Concerns, sharing key supervisory observations and highlighting areas requiring greater attention from IFSC Banking Units (IBUs). The session emphasised the importance of addressing supervisory observations in a timely and effective manner, strengthening internal controls and ensuring that identified gaps are resolved through sustainable corrective measures. It highlighted the need for IBUs to move beyond a procedural approach to compliance and focus on the underlying causes of recurring issues, rather than merely addressing individual observations. The presentation also underscored the significance of robust governance arrangements, effective risk management practices, regulatory compliance and accountability in maintaining sound banking operations. The role of assurance professionals in identifying control weaknesses, monitoring remediation and ensuring that corrective actions are implemented effectively was highlighted as an important element of the supervisory process. The session reinforced the importance of a proactive and forward-looking approach to supervision, with emphasis on continuous improvement, effective internal oversight and a strong compliance culture across IBUs operating in GIFT IFSC. #IFSCA #GIFTIFSC #BankingSupervision #RiskManagement #RegulatoryCompliance #InternalAudit #CorporateGovernance #Assurance

𝗧𝗵𝗲 𝟮𝗻𝗱 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗜𝗙𝗦𝗖𝗔’𝘀 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗳𝗼𝗿 𝗔𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗼𝗳 𝗜𝗙𝗦𝗖 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗨𝗻𝗶𝘁𝘀 𝗗𝗮𝘁𝗲: 22 October 2026 | 𝗩𝗲𝗻𝘂𝗲:GIFT City Club, Gandhinagar, Gujarat The conference featured a panel discussion on “𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝗶𝗻𝗴 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗔𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗳𝗼𝗿 𝗩𝗶𝗸𝘀𝗶𝘁 𝗕𝗵𝗮𝗿𝗮𝘁 @𝟮𝟬𝟰𝟳,”exploring how assurance functions can support sustainable business growth and the development of a globally competitive financial ecosystem. The panel featured 𝗠𝗿. 𝗔𝗻𝗮𝗻𝗱 𝗩𝗶𝘀𝗵𝘄𝗮𝗻𝗮𝘁𝗵𝗮𝗻, 𝗚𝗿𝗼𝘂𝗽 𝗖𝗥𝗢, @AxisBank ; 𝗠𝗿. 𝗦𝗮𝗿𝘃𝗲𝘀𝗵 𝗠𝗲𝗵𝘁𝗮, 𝗠𝗟𝗥𝗢 𝗮𝗻𝗱 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗦𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘀𝘁, @BNPParibas ; 𝗠𝗿. 𝗩𝗶𝘀𝗵𝗮𝗹 𝗣𝘂𝗻𝗮𝗺𝗶𝗮, 𝗦𝗩𝗣 – 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝗹 𝗔𝘂𝗱𝗶𝘁, @HSBC 𝗕𝗮𝗻𝗸; 𝗮𝗻𝗱 𝗠𝗿. 𝗖𝗵𝗶𝗿𝗮𝗻𝗷𝗲𝗲𝘃 𝗞𝘂𝗺𝗮𝗿, 𝗚𝗠 𝗮𝗻𝗱 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗛𝗲𝗮𝗱 – 𝗦𝗼𝘂𝘁𝗵 𝗔𝘀𝗶𝗮, @TheOfficialSBI , with 𝗠𝗿. 𝗔𝘀𝗵𝘂𝘁𝗼𝘀𝗵 𝗦𝗵𝗮𝗿𝗺𝗮,𝗖𝗚𝗠 (𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁), 𝗜𝗙𝗦𝗖𝗔, , as the moderator. The discussion highlighted the role of assurance professionals in anticipating emerging risks, recognising missed business opportunities and enabling informed risk-taking within institutional risk appetite, while maintaining independence and objectivity. With 𝗚𝗜𝗙𝗧 𝗜𝗙𝗦𝗖 𝗽𝗼𝗶𝘀𝗲𝗱 𝘁𝗼 𝗲𝗺𝗲𝗿𝗴𝗲 𝗮𝘀 𝗮 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗴𝗹𝗼𝗯𝗮𝗹 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗵𝘂𝗯, the panel emphasised the importance of balancing robust oversight with business agility. Strong assurance frameworks, sound governance and institutional resilience will be vital in enabling global opportunities and advancing the vision of 𝗩𝗶𝗸𝘀𝗶𝘁 𝗕𝗵𝗮𝗿𝗮𝘁 @𝟮𝟬𝟰𝟳. #IFSCA #GIFTIFSC #ViksitBharat2047 #Assurance #RiskManagement #InternalAudit #Compliance #CorporateGovernance

𝗧𝗵𝗲 𝟮𝗻𝗱 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗜𝗙𝗦𝗖𝗔’𝘀 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗳𝗼𝗿 𝗔𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗼𝗳 𝗜𝗙𝗦𝗖 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗨𝗻𝗶𝘁𝘀 𝗗𝗮𝘁𝗲: 22 October 2026 | 𝗩𝗲𝗻𝘂𝗲:GIFT City Club, Gandhinagar, Gujarat The conference featured a panel discussion on “𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝗹 𝗔𝘂𝗱𝗶𝘁 𝗕𝗲𝘆𝗼𝗻𝗱 𝘁𝗵𝗲 𝗖𝗵𝗲𝗰𝗸𝗹𝗶𝘀𝘁,” focusing on the evolving role of Internal Audit in strengthening governance, risk management and business resilience. The panel featured 𝗠𝗿. 𝗠𝗼𝗻𝗮𝗿𝗸 𝗦𝗵𝗮𝗵, 𝗦𝗩𝗣 – 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝗹 𝗔𝘂𝗱𝗶𝘁, @HDFC_Bank; 𝗠𝗿. 𝗗𝗲𝗲𝗽𝗮𝗸 𝗦𝗵𝗲𝘁𝘁𝘆, 𝗛𝗲𝗮𝗱 𝗼𝗳 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝗹 𝗔𝘂𝗱𝗶𝘁 – 𝗜𝗻𝗱𝗶𝗮, @mufgbk_official; 𝗠𝗿. 𝗦𝗮𝗻𝗷𝗲𝗲𝘃 𝗞𝘂𝗺𝗮𝗿 𝗗𝗵𝘂𝗽𝗮𝗿, 𝗖𝗚𝗠 – 𝗜𝗻𝘀𝗽𝗲𝗰𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗔𝘂𝗱𝗶𝘁, @pnbindia; and 𝗠𝗿. 𝗡𝗮𝘃𝗲𝗲𝗻 𝗩𝗲𝗿𝗺𝗮, 𝗦𝗩𝗣 – 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝗹 𝗔𝘂𝗱𝗶𝘁, @KotakBankLtd, with 𝗠𝘀. 𝗕𝗮𝗵𝗿𝗼𝘇𝗲 𝗞𝗮𝗺𝗱𝗶𝗻,𝗣𝗮𝗿𝘁𝗻𝗲𝗿, @Deloitte, as the moderator. The discussion explored how Internal Audit can move beyond checklist-based compliance to provide meaningful assurance on risk management and internal controls. Key themes included addressing recurring audit findings, strengthening management accountability, adapting group-level audit frameworks to the distinct regulatory environment of IFSC Banking Units, and leveraging technology for continuous and forward-looking assurance. The panel underscored the importance of measuring Internal Audit effectiveness through the quality of its insights, sustainable resolution of identified issues and its contribution to stronger governance and institutional resilience. #IFSCA #GIFTIFSC #InternalAudit #RiskManagement #CorporateGovernance #BankingSupervision #BusinessResilience

𝗧𝗵𝗲 𝟮𝗻𝗱 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗜𝗙𝗦𝗖𝗔’𝘀 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗳𝗼𝗿 𝗔𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗼𝗳 𝗜𝗙𝗦𝗖 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗨𝗻𝗶𝘁𝘀 𝗗𝗮𝘁𝗲: 22 October 2026 | 𝗩𝗲𝗻𝘂𝗲:GIFT City Club, Gandhinagar, Gujarat The conference featured a panel discussion on “𝗥𝗼𝗯𝘂𝘀𝘁 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗶𝗻 𝗧𝗵𝗶𝘀 𝗔𝗴𝗲 𝗼𝗳 𝗢𝗺𝗻𝗶𝗽𝗿𝗲𝘀𝗲𝗻𝘁 𝗕𝗮𝗻𝗸𝗶𝗻𝗴,” bringing together distinguished compliance leaders from leading domestic and international banks. The panel featured 𝗠𝗿. 𝗥𝗮𝗺 𝗞𝘂𝗺𝗮𝗿 𝗗𝗮𝘀,, 𝗖𝗵𝗶𝗲𝗳 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗢𝗳𝗳𝗶𝗰𝗲𝗿, @MyIndianBank ; 𝗠𝗿. 𝗝𝗶𝗻𝘂 𝗡𝗮𝗶𝗿, 𝗖𝗵𝗶𝗲𝗳 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗢𝗳𝗳𝗶𝗰𝗲𝗿, @SocieteGenerale ; 𝗠𝗿. 𝗔𝘀𝗵𝗶𝘀𝗵 𝗠𝗶𝘀𝗵𝗿𝗮, 𝗖𝗵𝗶𝗲𝗳 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗢𝗳𝗳𝗶𝗰𝗲𝗿, @mizuhobank; 𝗮𝗻𝗱 𝗠𝗿. Sandeep Tiwari, 𝗖𝗵𝗶𝗲𝗳 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗢𝗳𝗳𝗶𝗰𝗲𝗿, 𝗙𝗶𝗿𝘀𝘁 𝗔𝗯𝘂 𝗗𝗵𝗮𝗯𝗶 𝗕𝗮𝗻𝗸 (@FABConnects), with 𝗠𝗿. 𝗔𝗻𝗶𝗸𝗲𝘁 𝗧𝗮𝗹𝗮𝘁𝗶, 𝗙𝗼𝗿𝗺𝗲𝗿 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁, 𝗜𝗖𝗔𝗜, as the moderator. The discussion explored the evolving compliance challenges arising from digital and cross-border banking, including jurisdictional complexities, customer onboarding, real-time transaction monitoring and the growing dependence on third-party service providers and shared technology infrastructure. The panellists also deliberated on strengthening oversight of outsourced functions, ensuring operational resilience, and balancing seamless customer experiences with regulatory requirements relating to KYC/AML, data privacy, cybersecurity and conduct risk. Emphasis was placed on the role of Boards and senior management in fostering a strong compliance culture and translating group-level policies into effective practices at the IFSC Banking Unit level. The discussion highlighted the need for 𝗽𝗿𝗼𝗮𝗰𝘁𝗶𝘃𝗲, 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆-𝗲𝗻𝗮𝗯𝗹𝗲𝗱 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲, 𝗿𝗼𝗯𝘂𝘀𝘁 𝗿𝗶𝘀𝗸 𝗼𝘃𝗲𝗿𝘀𝗶𝗴𝗵𝘁 𝗮𝗻𝗱 𝘀𝘁𝗿𝗼𝗻𝗴 𝗹𝗼𝗰𝗮𝗹 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆  to ensure that innovation and business growth go hand in hand with regulatory integrity and resilience in the IFSC banking ecosystem. #IFSCA #GIFTIFSC #BankingCompliance #ComplianceCulture #RiskManagement #DigitalBanking #AML #CorporateGovernance

The International Financial Services Centres Authority (IFSCA) organised the 𝟮𝗻𝗱 𝗲𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗶𝘁𝘀 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗳𝗼𝗿 𝗔𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗼𝗳 𝗜𝗙𝗦𝗖 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗨𝗻𝗶𝘁𝘀 𝗮𝘁 𝗚𝗜𝗙𝗧 𝗖𝗶𝘁𝘆 𝗖𝗹𝘂𝗯, 𝗚𝗮𝗻𝗱𝗵𝗶𝗻𝗮𝗴𝗮𝗿, 𝗼𝗻 𝟮𝟮 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟲. The conference brought together senior banking professionals, risk leaders, compliance officers and internal audit experts to deliberate on the evolving role of assurance in the development of international banking. 𝗠𝗿. 𝗦𝗮𝘁𝗵𝘆𝗮𝗿𝗮𝗷 𝗖.𝗠., 𝗖𝗵𝗶𝗲𝗳 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗠𝗮𝗻𝗮𝗴𝗲𝗿, 𝗗𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 𝗼𝗳 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗦𝘂𝗽𝗲𝗿𝘃𝗶𝘀𝗶𝗼𝗻 (𝗗𝗼𝗕𝗦), 𝗜𝗙𝗦𝗖𝗔, delivered a presentation on supervisory expectations from IFSC Banking Units. The presentation elaborated on IFSCA’s 𝗿𝗶𝘀𝗸-𝗯𝗮𝘀𝗲𝗱, 𝗳𝗼𝗿𝘄𝗮𝗿𝗱-𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝗮𝗻𝗱 𝗽𝗿𝗼𝗽𝗼𝗿𝘁𝗶𝗼𝗻𝗮𝘁𝗲 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝘁𝗼 𝘀𝘂𝗽𝗲𝗿𝘃𝗶𝘀𝗶𝗼𝗻, highlighting the importance of assessing risks based on an institution’s business model, size, complexity and risk profile. It emphasised that effective supervision relies on sound corporate governance, clearly defined accountability and a strong risk culture within banking institutions. A key focus was the 𝘁𝗵𝗿𝗲𝗲 𝗹𝗶𝗻𝗲𝘀 𝗼𝗳 𝗱𝗲𝗳𝗲𝗻𝗰𝗲 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸, outlining the responsibilities of business functions in owning risks, Risk and Compliance functions in providing independent oversight and challenge, and Internal Audit in offering independent assurance on the effectiveness of governance, risk management and internal controls. The need for assurance frameworks specifically tailored to the business activities and risk exposures of each IBU, rather than relying solely on group-level arrangements, was also emphasised. The presentation further highlighted supervisory expectations relating to effective implementation of policies, evidence-based internal audits, timely and accurate regulatory reporting, proactive escalation of material developments and prompt remediation of identified deficiencies. Key risk areas, including AML/CFT, credit and liquidity risks, outsourcing, technology and operational resilience, were also discussed. The session reinforced that 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗮𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗴𝗼𝗲𝘀 𝗯𝗲𝘆𝗼𝗻𝗱 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗰𝗵𝗲𝗰𝗸𝗹𝗶𝘀𝘁𝘀 𝘁𝗼 𝗲𝗻𝗰𝗼𝗺𝗽𝗮𝘀𝘀 𝗿𝗶𝘀𝗸-𝗯𝗮𝘀𝗲𝗱 𝗮𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁, 𝗿𝗼𝗼𝘁-𝗰𝗮𝘂𝘀𝗲 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗶𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝘃𝗮𝗹𝗶𝗱𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗰𝗼𝗿𝗿𝗲𝗰𝘁𝗶𝘃𝗲 𝗮𝗰𝘁𝗶𝗼𝗻𝘀. Strong governance and credible assurance mechanisms enable greater supervisory reliance, support proportionate regulatory engagement and contribute to the resilience and sustainable growth of the IFSC banking ecosystem. #IFSCA #GIFTIFSC #BankingSupervision #RiskBasedSupervision #CorporateGovernance #RiskManagement #Compliance #InternalAudit

The International Financial Services Centres Authority (IFSCA) organised the 𝟮𝗻𝗱 𝗲𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗶𝘁𝘀 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗳𝗼𝗿 𝗔𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗼𝗳 𝗜𝗙𝗦𝗖 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗨𝗻𝗶𝘁𝘀 𝗮𝘁 𝗚𝗜𝗙𝗧 𝗖𝗶𝘁𝘆 𝗖𝗹𝘂𝗯, 𝗚𝗮𝗻𝗱𝗵𝗶𝗻𝗮𝗴𝗮𝗿, 𝗼𝗻 𝟮𝟮 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟲. The conference brought together senior banking professionals, risk leaders, compliance officers and internal audit experts to deliberate on the evolving role of assurance in the development of international banking. 𝗠𝗿. 𝗞. 𝗥𝗮𝗷𝗮𝗿𝗮𝗺𝗮𝗻, 𝗖𝗵𝗮𝗶𝗿𝗽𝗲𝗿𝘀𝗼𝗻, 𝗜𝗙𝗦𝗖𝗔, delivered the keynote address, highlighting the strategic role of 𝗚𝗜𝗙𝗧 𝗜𝗙𝗦𝗖 𝗶𝗻 𝗮𝗱𝘃𝗮𝗻𝗰𝗶𝗻𝗴 𝗜𝗻𝗱𝗶𝗮’𝘀 𝘃𝗶𝘀𝗶𝗼𝗻 𝗼𝗳 𝗩𝗶𝗸𝘀𝗶𝘁 𝗕𝗵𝗮𝗿𝗮𝘁 @ 𝟮𝟬𝟰𝟳. His address highlighted the evolving business landscape of GIFT IFSC, its expanding financial services ecosystem and its role in enhancing India’s integration with global financial markets. He emphasised the opportunities for growth and innovation while underlining the importance of building a resilient, well-governed and globally competitive international financial centre. He also highlighted the growing role of Artificial Intelligence (AI) in transforming financial services, emphasising the need to embrace technological advancements while remaining mindful of the associated risks and the importance of appropriate oversight. Underscoring that assurance professionals are the backbone of financial institutions, he stressed the critical role of Risk, Compliance and Audit in strengthening institutional resilience, ensuring accountability and sustaining stakeholder confidence. He emphasised the need to embed a strong risk culture across institutions, promote effective compliance practices and foster a robust culture of supervision within the IFSC ecosystem. The address also highlighted the importance of developing skilled talent and strengthening professional capabilities to keep pace with the evolving demands of the financial services sector. The keynote reinforced the need to balance 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 𝘄𝗶𝘁𝗵 𝘀𝗼𝘂𝗻𝗱 𝗴𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲, 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝘀𝘂𝗽𝗲𝗿𝘃𝗶𝘀𝗶𝗼𝗻 𝗮𝗻𝗱 𝘀𝘁𝗿𝗼𝗻𝗴 𝗮𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸𝘀 to support the long-term development of GIFT IFSC and its contribution to India’s global financial ambitions. #IFSCA #GIFTIFSC #ViksitBharat2047 #FinancialServices #ArtificialIntelligence #RiskManagement #Compliance #InternalAudit #FinancialGovernance

The International Financial Services Centres Authority (IFSCA) organised the 𝟮𝗻𝗱 𝗲𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗶𝘁𝘀 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗳𝗼𝗿 𝗔𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗼𝗳 𝗜𝗙𝗦𝗖 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗨𝗻𝗶𝘁𝘀 𝗮𝘁 𝗚𝗜𝗙𝗧 𝗖𝗶𝘁𝘆 𝗖𝗹𝘂𝗯, 𝗚𝗮𝗻𝗱𝗵𝗶𝗻𝗮𝗴𝗮𝗿, 𝗼𝗻 𝟮𝟮 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟲. The conference brought together senior banking professionals, risk leaders, compliance officers and internal audit experts to deliberate on the evolving role of assurance in the development of international banking. 𝗠𝗿. 𝗦𝘂𝗽𝗿𝗶𝘆𝗼 𝗕𝗵𝗮𝘁𝘁𝗮𝗰𝗵𝗮𝗿𝗷𝗲𝗲, 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿, 𝗗𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 𝗼𝗳 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 (𝗗𝗼𝗕𝗥), 𝗜𝗙𝗦𝗖𝗔, delivered an overview of the evolving regulatory framework governing banking operations in GIFT-IFSC. The address highlighted the evolution of the regulatory framework, from the initial oversight by the Reserve Bank of India to the establishment of 𝗜𝗙𝗦𝗖𝗔 𝗮𝘀 𝘁𝗵𝗲 𝘂𝗻𝗶𝗳𝗶𝗲𝗱 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿 𝗳𝗼𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝘄𝗶𝘁𝗵𝗶𝗻 𝘁𝗵𝗲 𝗜𝗙𝗦𝗖. He underscored the advantages of a unified regulatory framework in promoting regulatory consistency, reducing operational friction and facilitating innovation across financial services. The session highlighted the importance of aligning GIFT-IFSC’s banking framework with leading international financial centres while fostering a globally competitive environment for domestic and international banks. Key aspects of the framework included licensing requirements, capital adequacy, governance arrangements, prudential oversight, regulatory reporting and robust AML/CFT controls. Emphasising the road ahead, he highlighted the need for adequate resources, stronger operational capabilities and appropriate infrastructure to support the growing scale and complexity of banking operations in GIFT-IFSC. The address reinforced 𝗜𝗙𝗦𝗖𝗔’𝘀 𝗰𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁 𝘁𝗼 𝗲𝗻𝗮𝗯𝗹𝗶𝗻𝗴 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗴𝗿𝗼𝘄𝘁𝗵 𝘄𝗵𝗶𝗹𝗲 𝗺𝗮𝗶𝗻𝘁𝗮𝗶𝗻𝗶𝗻𝗴 𝘀𝗼𝘂𝗻𝗱 𝗴𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲, 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗿𝗶𝘀𝗸 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝘀𝘁𝗿𝗼𝗻𝗴 𝘀𝘂𝗽𝗲𝗿𝘃𝗶𝘀𝗼𝗿𝘆 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀. #IFSCA #GIFTIFSC #GIFTCity #BankingRegulation #BankingSupervision #RiskManagement #Compliance #FinancialServices

The International Financial Services Centres Authority (IFSCA) organised the 𝟮𝗻𝗱 𝗲𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗶𝘁𝘀 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗳𝗼𝗿 𝗔𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗼𝗳 𝗜𝗙𝗦𝗖 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗨𝗻𝗶𝘁𝘀 𝗮𝘁 𝗚𝗜𝗙𝗧 𝗖𝗶𝘁𝘆 𝗖𝗹𝘂𝗯, 𝗚𝗮𝗻𝗱𝗵𝗶𝗻𝗮𝗴𝗮𝗿, 𝗼𝗻 𝟮𝟮 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟲. The conference brought together senior banking professionals, risk leaders, compliance officers and internal audit experts to deliberate on the evolving role of assurance in the development of international banking. 𝗗𝗿. 𝗗𝗶𝗽𝗲𝘀𝗵 𝗦𝗵𝗮𝗵, 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿 (𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁), 𝗜𝗙𝗦𝗖𝗔, delivered an overview of the evolving business landscape of GIFT-IFSC, highlighting its remarkable growth and emerging opportunities across the financial services ecosystem. He highlighted the growth of the banking ecosystem, with banking assets approaching USD 200 billion, reflecting the increasing 𝗴𝗹𝗼𝗯𝗮𝗹 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝗰𝗲 𝗼𝗳 𝗚𝗜𝗙𝗧-𝗜𝗙𝗦𝗖. The address underscored the importance of strengthening business growth alongside robust risk management, compliance and assurance frameworks. Dr. Shah also highlighted emerging opportunities across aircraft and ship leasing, Global In-House Centres (GRCTCs), insurance, fintech, ancillary services and other financial activities within GIFT-IFSC. He emphasised the growing contribution of banking and trade finance to the IFSC ecosystem and the importance of adequate infrastructure and institutional preparedness to harness emerging business opportunities. The address reinforced the role of assurance professionals in fostering trust, enabling responsible growth and strengthening the credibility of 𝗚𝗜𝗙𝗧-𝗜𝗙𝗦𝗖 𝗮𝘀 𝗮𝗻 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗰𝗲𝗻𝘁𝗿𝗲. #IFSCA #GIFTIFSC #GIFTCity #Banking #RiskManagement #Compliance #Assurance #FinancialServices

The International Financial Services Centres Authority (IFSCA) organised the 𝟮𝗻𝗱 𝗲𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗶𝘁𝘀 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗳𝗼𝗿 𝗔𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗼𝗳 𝗜𝗙𝗦𝗖 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗨𝗻𝗶𝘁𝘀 𝗮𝘁 𝗚𝗜𝗙𝗧 𝗖𝗶𝘁𝘆 𝗖𝗹𝘂𝗯, 𝗚𝗮𝗻𝗱𝗵𝗶𝗻𝗮𝗴𝗮𝗿, 𝗼𝗻 𝟮𝟮 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟲. The conference brought together senior banking professionals, risk leaders, compliance officers and internal audit experts to deliberate on the evolving role of assurance in the development of international banking. The conference commenced with the Welcome Address by 𝗠𝗿. 𝗣𝗿𝗮𝗱𝗲𝗲𝗽 𝗗𝗲𝗼, 𝗖𝗵𝗶𝗲𝗳 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗠𝗮𝗻𝗮𝗴𝗲𝗿 & 𝗛𝗲𝗮𝗱 𝗼𝗳 𝗗𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 (𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗦𝘂𝗽𝗲𝗿𝘃𝗶𝘀𝗶𝗼𝗻), 𝗜𝗙𝗦𝗖𝗔. In his address, he emphasised that the strength of an international financial centre lies not only in the scale of its business but also in the robustness of its governance, the effectiveness of its controls and the trust it inspires. He highlighted the complementary roles of Risk, Compliance and Audit in identifying emerging vulnerabilities, fostering a strong compliance culture and ensuring that internal controls and corrective actions remain effective. He also underscored the importance of adapting assurance frameworks to the unique dimensions of IFSC banking, including cross-border exposures, customer due diligence, operational resilience, technology and cyber risks, and regulatory reporting. Emphasising the need for effective coordination among assurance functions while preserving their independence, he called for an organisational environment that empowers professionals to exercise informed judgement, raise concerns and drive meaningful improvements. The address set the tone for the conference, reinforcing the importance 𝗼𝗳 𝘀𝘁𝗿𝗼𝗻𝗴 𝗴𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲, 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗮𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗶𝗻 𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗮 𝗿𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝘁 𝗮𝗻𝗱 𝗴𝗹𝗼𝗯𝗮𝗹𝗹𝘆 𝗰𝗿𝗲𝗱𝗶𝗯𝗹𝗲 𝗚𝗜𝗙𝗧 𝗜𝗙𝗦𝗖. #IFSCA #GIFTIFSC #BankingSupervision #RiskManagement #Compliance #InternalAudit #CorporateGovernance

The International Financial Services Centres Authority (IFSCA) organised the 𝟮𝗻𝗱 𝗲𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗶𝘁𝘀 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗳𝗼𝗿 𝗔𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗼𝗳 𝗜𝗙𝗦𝗖 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗨𝗻𝗶𝘁𝘀 𝗮𝘁 𝗚𝗜𝗙𝗧 𝗖𝗶𝘁𝘆 𝗖𝗹𝘂𝗯, 𝗚𝗮𝗻𝗱𝗵𝗶𝗻𝗮𝗴𝗮𝗿, 𝗼𝗻 𝟮𝟮 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟲. The conference brought together senior banking professionals, risk leaders, compliance officers and internal audit experts to deliberate on the evolving role of assurance in the development of international banking. The conference featured insightful addresses and panel discussions on strengthening supervisory effectiveness, fostering a robust compliance culture and transforming Internal Audit beyond a checklist-driven approach. Discussions explored emerging challenges in digital and cross-border banking, the importance of effective governance and risk management, and the need for forward-looking, technology-enabled assurance practices. The deliberations also highlighted how assurance functions can go beyond regulatory compliance to provide meaningful insights, strengthen institutional resilience and enable responsible business growth. With GIFT IFSC emerging as a leading global financial hub, effective coordination among Risk, Compliance and Audit remains essential to building trust, supporting innovation and maintaining the highest standards of governance. As India advances towards Viksit Bharat@2047, GIFT IFSC is poised to emerge as a leading global financial hub, connecting India with international markets and attracting global financial institutions. Robust assurance frameworks across Risk, Compliance and Audit will be instrumental in enabling this growth, fostering investor confidence and ensuring that GIFT IFSC develops as a globally competitive, resilient and well-governed financial centre. The Conference Schedule may be accessed at: ifsca.gov.in/CommonDirect/Pr…

Dr. Dipesh Shah, Executive Director (Development), IFSCA, participated as a discussant in Panel titled, “Structuring Inbound and Outbound Capital: The Wishlist of AIFs and IFSCA Units for Aggressive Foreign Investment Strategies,” at the stakeholder consultation on “Shaping the Future of Cross-Border Investment: India’s Next-Gen FDI Reform and Global Market Access,” organised by Bridge Policy Think Tank on 16 October 2026. The discussion focused on the role of GIFT IFSC in connecting India with global capital, including: 🔹 GIFT IFSC as a gateway for international investors, and its role in strengthening cross-border investment flows with Hungary and the wider European region 🔹 GIFT IFSC as a preferred base for India-focused venture capital funds channelling global capital into Indian startups 🔹 The journey of a foreign fund manager setting up in GIFT IFSC, from registration as a Fund Management Entity to launching its first scheme, Ease of Doing business and facilitating the new institutions in IFSC zone. #IFSCA #GIFTIFSC #GIFTCity #FDI #CrossBorderInvestment #FundManagement #AlternativeInvestmentFunds #VentureCapital #IndiaHungary #InternationalFinance

𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝗶𝗻𝗴 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝗲 𝗚𝗼𝗹𝗱 𝗦𝗼𝘂𝗿𝗰𝗶𝗻𝗴: 𝗜𝗙𝗦𝗖𝗔 𝗚𝗼𝗼𝗱 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗚𝘂𝗶𝗱𝗲𝗹𝗶𝗻𝗲𝘀, 𝟮𝟬𝟮𝟲 𝗧𝗵𝗲 𝗜𝗙𝗦𝗖𝗔 (𝗚𝗼𝗼𝗱 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆) 𝗚𝘂𝗶𝗱𝗲𝗹𝗶𝗻𝗲𝘀, 𝟮𝟬𝟮𝟲 incorporate responsible sourcing requirements aligned with the principles of the @OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. The Guidelines represent an important step towards establishing a comprehensive Good Delivery framework that extends beyond the purity, weight and technical specifications of refined gold to encompass 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝗲 𝘀𝗼𝘂𝗿𝗰𝗶𝗻𝗴, 𝘀𝘂𝗽𝗽𝗹𝘆-𝗰𝗵𝗮𝗶𝗻 𝗱𝘂𝗲 𝗱𝗶𝗹𝗶𝗴𝗲𝗻𝗰𝗲, 𝘁𝗿𝗮𝗰𝗲𝗮𝗯𝗶𝗹𝗶𝘁𝘆, 𝗿𝗶𝘀𝗸 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁, 𝗴𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝗶𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗮𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲. The framework provides a transparent, principles-based pathway for eligible domestic and international refiners to participate in the exchange-based bullion ecosystem, subject to compliance with prescribed technical and responsible sourcing standards. Importantly, the Guidelines seek to strengthen confidence in the provenance and integrity of refined gold, including recycled gold, while promoting greater alignment with internationally recognised Good Delivery practices. 𝗜𝗙𝗦𝗖𝗔'𝘀 𝗲𝗻𝗱𝗲𝗮𝘃𝗼𝘂𝗿 𝗵𝗮𝘀 𝗯𝗲𝗲𝗻 𝘁𝗼 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲 𝗴𝗹𝗼𝗯𝗮𝗹𝗹𝘆 𝗿𝗲𝗰𝗼𝗴𝗻𝗶𝘀𝗲𝗱 𝗽𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲𝘀 𝗮𝗻𝗱 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗯𝗲𝘀𝘁 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀 𝗶𝗻𝘁𝗼 𝗜𝗻𝗱𝗶𝗮'𝘀 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗮𝗿𝗰𝗵𝗶𝘁𝗲𝗰𝘁𝘂𝗿𝗲,  strengthening the capabilities of domestic stakeholders and facilitating their integration with global precious metals markets. 𝗧𝗵𝗲 𝗹𝗮𝗿𝗴𝗲𝗿 𝘃𝗶𝘀𝗶𝗼𝗻 𝗶𝘀 𝘁𝗼 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺 𝗜𝗻𝗱𝗶𝗮 𝗳𝗿𝗼𝗺 𝗯𝗲𝗶𝗻𝗴 𝗽𝗿𝗲𝗱𝗼𝗺𝗶𝗻𝗮𝗻𝘁𝗹𝘆 𝗮 𝗺𝗮𝗷𝗼𝗿 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗼𝗳 𝗽𝗿𝗲𝗰𝗶𝗼𝘂𝘀 𝗺𝗲𝘁𝗮𝗹𝘀 𝗶𝗻𝘁𝗼 𝗮 𝗴𝗹𝗼𝗯𝗮𝗹𝗹𝘆 𝗿𝗲𝗰𝗼𝗴𝗻𝗶𝘀𝗲𝗱 𝗵𝘂𝗯 𝗳𝗼𝗿 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝗲 𝘀𝗼𝘂𝗿𝗰𝗶𝗻𝗴, 𝗿𝗲𝗳𝗶𝗻𝗶𝗻𝗴 𝗲𝘅𝗰𝗲𝗹𝗹𝗲𝗻𝗰𝗲, 𝗰𝗿𝗲𝗱𝗶𝗯𝗹𝗲 𝗮𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀 𝗮𝗻𝗱 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝘁, 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲-𝗯𝗮𝘀𝗲𝗱 𝗯𝘂𝗹𝗹𝗶𝗼𝗻 𝘁𝗿𝗮𝗱𝗶𝗻𝗴. 𝗧𝗵𝗲 𝗜𝗙𝗦𝗖𝗔 𝗚𝗼𝗼𝗱 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗚𝘂𝗶𝗱𝗲𝗹𝗶𝗻𝗲𝘀, 𝟮𝟬𝟮𝟲, 𝗹𝗮𝘆 𝗮𝗻 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗳𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮𝗻 𝗿𝗲𝗳𝗶𝗻𝗲𝗿𝘀 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿 𝘀𝘁𝗮𝗸𝗲𝗵𝗼𝗹𝗱𝗲𝗿𝘀 𝘁𝗼 𝗲𝗻𝗵𝗮𝗻𝗰𝗲 𝘁𝗵𝗲𝗶𝗿 𝗴𝗹𝗼𝗯𝗮𝗹 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀 𝗮𝗻𝗱 𝗲𝘀𝘁𝗮𝗯𝗹𝗶𝘀𝗵 𝗰𝗿𝗲𝗱𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹𝗹𝘆 𝗯𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸𝗲𝗱 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀. The IFSCA Good Delivery Guidelines, 2026 may be accessed at: ifsca.gov.in/CommonDirect/Ge… #IFSCA #OECD #GoodDelivery #ResponsibleSourcing #GoldRefining #GoldRecycling #GIFTIFSC #IIBX #BullionMarkets #GlobalStandards

IFSCA issues Guidelines for Algorithmic Trading on Stock Exchanges. The comprehensive regulatory framework aims to: · Broaden meaningful market participation · Enhance market liquidity · Strengthen market resilience The guidelines apply to stock exchanges, broker-dealers and remote trading participants onboarded by stock exchanges. The Circular may be accessed at: ifsca.gov.in/CommonDirect/Ge… #IFSCA #AlgorithmicTrading #CapitalMarkets

Exploring new capital market linkages between Luxembourg and GIFT IFSC 🇱🇺🇮🇳 The IFSCA delegation, led by Shri Pradeep Ramakrishnan, Executive Director, had a meeting with senior representatives of Luxembourg Stock Exchange (LuxSE) on Oct 14th on deepening connectivity between the two markets. Key areas of discussion included: 🔹 Dual listing of securities between LuxSE and the stock exchanges in IFSC 🔹 Sharing of insights on listing of ESG labelled bonds

𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝗶𝗻𝗴 𝘁𝗵𝗲 𝗟𝘂𝘅𝗲𝗺𝗯𝗼𝘂𝗿𝗴–𝗚𝗜𝗙𝗧 𝗜𝗙𝗦𝗖 𝗳𝘂𝗻𝗱 𝗰𝗼𝗿𝗿𝗶𝗱𝗼𝗿 A delegation from the IFSCA, led by Shri Pradeep Ramakrishnan, Executive Director, held a productive meeting with Mr. Marco Zwick, Director, Mr. Laurent Van Burik, and other senior officials from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. The discussions centred on mutual cooperation between the two jurisdictions, with a focus on cross-border distribution of funds between Luxembourg and GIFT IFSC. Luxembourg is Europe’s leading investment fund hub, and GIFT IFSC is India’s emerging international financial centre. Closer regulatory collaboration can open new avenues for fund managers, widen investor access, and deepen capital flows between the two markets.

A delegation from IFSCA headed by Mr. Pradeep Ramakrishnan, ED, IFSCA, held meetings with senior representatives of LuxCMA, Franklin Templeton, BlackRock, Blackstone and other market participants in Luxembourg. Discussions explored avenues for strengthening collaboration between the two jurisdictions in areas such as fund management, listing of funds and ETFs, capital markets and enhancing cross-border investment flows.

Today, IFSCA hosted a delegation from the United Kingdom (UK), comprising officials from the Financial Conduct Authority (@TheFCA ), the City of London Corporation(@cityoflondon) and the British High Commission to India(@UKinIndia). The discussions, led by Dr. Dipesh Shah, Executive Director, IFSCA and Shri Mahipal Reddy, Executive Director, IFSCA discussed various opportunities for UK institutions in GIFT IFSC. They also explored how the India–UK FTA can be leveraged to position GIFT IFSC as a bridge for financial services between the UK and India. The delegation later interacted with regulated entities from GIFT IFSC and visited @nse_ix and the HSBC IFSC Banking Unit (IBU) to get a broader perspective on the overall GIFT IFSC ecosystem and to explore potential collaboration areas between both sides. This engagement further strengthens the strong and growing partnership between India and the UK. #IFSCA #GIFTCity #IndiaUK #FinancialServices #GIFTIFSC #Insurance #AssetManagement

Dr. Dipesh Shah, Executive Director, IFSCA, delivered the opening remarks at FINMAT Expo 2026 at GIFT City. Addressing the gathering of financial market participants from India and across the globe, he reflected on the evolution of GIFT IFSC - from an ambitious idea on open ground into a thriving, multi-dimensional financial ecosystem where exchanges, banks, asset managers, brokers, fintechs and global players now operate together under one roof. He also shared an overview of the GIFT IFSC ecosystem and its growing business momentum - marked by a rapidly expanding base of registered entities. GIFT City is now home to a diverse range of business segments - from banks, insurers, exchanges, asset managers and brokers to ship leasing, aircraft financing and fintech - reflecting the depth and breadth of a truly multi-dimensional financial hub. #GIFTCity #IFSCA #FINMATExpo2026 #GIFTIFSC #FinancialServices #IFSC #CapitalMarkets #FinTech #GlobalFinance #CommodityTrading #EaseOfDoingBusiness

Shri K. Rajaraman, Chairperson, International Financial Services Centres Authority (IFSCA), joined Hon’ble Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman at a high-level CEO Roundtable hosted at the Bloomberg New Economy Forum in New Delhi. The roundtable brought together global business leaders alongside senior leadership from the Department of Economic Affairs, Ministry of Finance, and the National Investment and Infrastructure Fund (NIIF) to discuss the evolving dynamics of artificial intelligence, geopolitics, and international investment flows. Highlighting India’s robust growth momentum across infrastructure, manufacturing, energy transition, and digital technologies, global investors expressed strong confidence in the country's economic trajectory. In this context, IFSCA continues to position GIFT IFSC as a competitive, world-class gateway for cross-border capital mobilization, innovative financial services, and structured institutional investments to support India's long-term developmental priorities. @FinMinIndia @nsitharamanoffc