IFSCA

IFSCA has issued a consultation paper inviting comments from the public and stakeholders on Draft Circular on “𝗢𝗳𝗳𝗲𝗿𝗶𝗻𝗴 𝗠𝗼𝗱𝗲𝗹 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗯𝘆 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗘𝗻𝘁𝗶𝘁𝗶𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗜𝗙𝗦𝗖”.

Access the consultation paper through the following link:
ifsca.gov.in/CommonDirect/G…

Last date to provide comments 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟯𝟬, 𝟮𝟬𝟮𝟲

𝗜𝗙𝗦𝗖𝗔 𝗮𝘁 𝘁𝗵𝗲 𝗕𝗵𝗮𝗿𝗮𝘁 𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲 𝗘𝗻𝗲𝗿𝗴𝘆 𝗦𝘂𝗺𝗺𝗶𝘁 & 𝗘𝘅𝗽𝗼 𝟮𝟬𝟮𝟲

𝗦𝗵𝗿𝗶 𝗣𝗿𝗮𝗱𝗲𝗲𝗽 𝗥𝗮𝗺𝗮𝗸𝗿𝗶𝘀𝗵𝗻𝗮𝗻,𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿,𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 (which also handles sustainable finance),IFSCA, participated as a Keynote Speaker in the session “𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲:𝗠𝗼𝗯𝗶𝗹𝗶𝘀𝗶𝗻𝗴 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗼𝘂𝘁𝗵”on 4 November 2026 at Bharat Mandapam, New Delhi. The Summit was organised by the 𝗠𝗶𝗻𝗶𝘀𝘁𝗿𝘆 𝗼𝗳 𝗡𝗲𝘄 𝗮𝗻𝗱 𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲 𝗘𝗻𝗲𝗿𝗴𝘆 (@mnreindia) with 𝗖𝗼𝘂𝗻𝗰𝗶𝗹 𝗼𝗻 𝗘𝗻𝗲𝗿𝗴𝘆, 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗪𝗮𝘁𝗲𝗿 (@CEEWIndia) as Knowledge Partner for the session. Discussion centred on India’s clean energy investment needs for 2030 and 2035 and the instruments required to mobilise capital at scale.

Shri Ramakrishnan said that India’s energy transition is now as much a capital challenge as a technology one. The binding constraints are the cost and tenor of finance and the credibility global investors need before committing at scale. He outlined how GIFT IFSC is building this credibility through layered regulatory architecture:

i. 𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 𝗳𝗼𝗿 𝗘𝗦𝗚-𝗹𝗮𝗯𝗲𝗹𝗹𝗲𝗱 𝗱𝗲𝗯𝘁 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀:Green, social, sustainability and sustainability-linked bonds are listed against internationally recognised standards. Cumulative ESG-labelled listings at IFSC exchanges stand at around USD 18.05 billion.

ii.𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 𝗳𝗼𝗿 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗕𝗼𝗻𝗱𝘀 𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸:The framework enables hard-to-abate sectors to raise capital against credible transition plans. It recognises multiple global taxonomies, requires independent external review, and sets initial and annual disclosures to guard against transition-washing.

iii.𝗚𝘂𝗶𝗱𝗲𝗹𝗶𝗻𝗲𝘀 𝗼𝗻 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗹𝗲𝗻𝗱𝗶𝗻𝗴:Mandates IFSC Banking Units and Finance Companies to lend 5% of incremental lending towards green and sustainable projects.

iv.𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 𝗳𝗼𝗿 𝗘𝗦𝗚 𝗙𝘂𝗻𝗱𝘀:Framework for ESG Funds: A dedicated framework for ESG Funds including detailed disclosures have been put in place under IFSCA (Fund Management) Regulations, 2025

v.𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 𝗳𝗼𝗿 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁𝗶𝗮𝗹 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗶𝗻 𝗩𝗲𝗻𝘁𝘂𝗿𝗲 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗦𝗰𝗵𝗲𝗺𝗲𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝘁𝗿𝗶𝗰𝘁𝗲𝗱 𝗦𝗰𝗵𝗲𝗺𝗲𝘀 𝘁𝗼 𝗳𝗮𝗰𝗶𝗹𝗶𝘁𝗮𝘁𝗲 𝗯𝗹𝗲𝗻𝗱𝗲𝗱 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿 𝗳𝘂𝗻𝗱 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝘀: This framework allows the VC Schemes and Restricted Schemes to issue multiple classes of units with differential distribution rights. Schemes which are designated as ‘ESG Schemes’ are also permitted to accept grants, subject to certain conditions and compliance with other applicable laws.

He also replies to queries on blended finance from the audience and noted that the Global South needs investable, verifiable project pipelines more than new pledges. GIFT IFSC is positioned to be the jurisdiction where global capital meets Indian and regional climate projects on credible terms.

#IFSCA #GIFTIFSC #ClimateFinance #SustainableFinance #TransitionFinance #BREsu

🌏 𝗜𝗙𝗦𝗖𝗔 𝗮𝘁 𝘁𝗵𝗲 𝟮𝟮𝗻𝗱 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗥𝗲𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 (𝗦𝗜𝗥𝗖) 𝟮𝟬𝟮𝟲

The International Financial Services Centres Authority (IFSCA) delegation, led by 𝗗𝗿. 𝗣𝗿𝗮𝘃𝗲𝗲𝗻 𝗧𝗿𝗶𝘃𝗲𝗱𝗶, 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿, along with 𝗦𝗵𝗿𝗶 𝗞𝗮𝗹𝗽𝗲𝘀𝗵 𝗠𝗲𝗵𝘁𝗮, 𝗔𝗚𝗠, and 𝗦𝗵𝗿𝗶 𝗥𝗶𝘀𝗵𝗶 𝗞𝗮𝗹𝗲, 𝗔𝗚𝗠, is participating in the 22nd SIRC in Singapore, from 02–05 November 2026.

The delegation is engaging with global reinsurers, insurers and brokers to highlight the opportunities offered by the GIFT IFSC insurance ecosystem.

#IFSCA #GIFTIFSC #GIFTCity #SIRC2026 #Reinsurance #Insurance

𝗗𝗿. 𝗗𝗶𝗽𝗲𝘀𝗵 𝗦𝗵𝗮𝗵, 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿, 𝗜𝗙𝗦𝗖𝗔, participated in the session on “𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗠𝗼𝗯𝗶𝗹𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮’𝘀 𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲 𝗘𝗻𝗲𝗿𝗴𝘆 𝗦𝗲𝗰𝘁𝗼𝗿” at the 𝗕𝗵𝗮𝗿𝗮𝘁 𝗥𝗘 𝗦𝘂𝗺𝗺𝗶𝘁 & 𝗘𝘅𝗽𝗼 𝟮𝟬𝟮𝟲 (@BharatRESummit), held today at Bharat Mandapam, New Delhi.

During the session, he highlighted how GIFT IFSC is emerging as a key gateway for mobilising global capital for India's renewable energy sector. He spoke about IFSCA’s Green Financing mandate for IFSC Banking Units (IBUs), growing IBU lending to renewable energy, the expanding green bond market and the deepening rupee-dollar hedging ecosystem that enables global investors to manage currency risks.

He also highlighted IFSCA’s collaboration with 𝗠𝗡𝗥𝗘(@mnreindia) and the growing interest of development finance institutions, pension funds, sovereign wealth funds and global investors in GIFT IFSC.

The panel, moderated by 𝗠𝗿. 𝗣𝗲𝘁𝗲𝗿 𝗛𝗶𝗹𝗹𝗶𝗴𝗲𝘀 (𝗞𝗳𝗪 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗕𝗮𝗻𝗸), also included 𝗠𝗿. 𝗦𝗮𝗻𝘁𝗼𝘀𝗵 𝗞𝘂𝗺𝗮𝗿 𝗦𝗮𝗿𝗮𝗻𝗴𝗶 (𝗦𝗲𝗰𝗿𝗲𝘁𝗮𝗿𝘆, 𝗠𝗡𝗥𝗘), 𝗠𝗿. 𝗣𝗮𝗻𝗸𝗮𝗷 𝗦𝗵𝗮𝗿𝗺𝗮 (𝗖𝗙𝗔 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗲 𝗜𝗻𝗱𝗶𝗮) and 𝗠𝗿. 𝗕𝗶𝗹𝗹 𝗥𝗼𝗴𝗲𝗿 (𝗖𝗣𝗣 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀).

On the sidelines, the IFSCA delegation, comprising 𝗦𝗵𝗿𝗶 𝗔𝘀𝗵𝘂𝘁𝗼𝘀𝗵 𝗦𝗵𝗮𝗿𝗺𝗮, 𝗖𝗚𝗠, and 𝗦𝗵𝗿𝗶 𝗦𝗮𝘂𝗿𝗮𝗯𝗵 𝗚𝗮𝗻𝗴𝘄𝗮𝗹, 𝗔𝗚𝗠, held bilateral meetings with leading renewable energy companies to apprise them of the opportunities, regulatory framework and facilitative ecosystem available at GIFT IFSC for accessing global capital and undertaking international financial operations.

@KfW_FZ_int @CFAinstitute @cppinvestments

🇮🇳 🇦🇪 𝗘𝘅𝗽𝗹𝗼𝗿𝗶𝗻𝗴 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗮𝘁 𝗚𝗜𝗙𝗧-𝗜𝗙𝗦𝗖 | 𝗘𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝘄𝗶𝘁𝗵 𝗥𝗔𝗞𝗕𝗔𝗡𝗞

As part of the 𝗩𝗶𝗯𝗿𝗮𝗻𝘁 𝗚𝘂𝗷𝗮𝗿𝗮𝘁 𝗱𝗲𝗹𝗲𝗴𝗮𝘁𝗶𝗼𝗻'𝘀 𝘃𝗶𝘀𝗶𝘁 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗔𝗘, Shri Ramakrishnan Padmanabhan, Chief General Manager, IFSCA, held a one-to-one meeting with Mr. Abdulla Albooshi, Vice President – Senior Relationship Manager, GPE & Large Corporates, 𝗥𝗔𝗞𝗕𝗔𝗡𝗞 (𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗕𝗮𝗻𝗸 𝗼𝗳 𝗥𝗮𝘀 𝗔𝗹 𝗞𝗵𝗮𝗶𝗺𝗮𝗵) on 𝟯𝟬 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟲 𝗶𝗻 𝗗𝘂𝗯𝗮𝗶.

The discussions focused on the evolving international financial services ecosystem at 𝗚𝗜𝗙𝗧-𝗜𝗙𝗦𝗖, particularly the potential for RAKBANK to explore establishing an 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗨𝗻𝗶𝘁 (𝗜𝗕𝗨) in GIFT City and also be a potential Qualified Supplier on the India International Bullion Exchange (@IIBXIFSC).

The interaction highlighted opportunities for international banks across 𝗰𝗿𝗼𝘀𝘀-𝗯𝗼𝗿𝗱𝗲𝗿 𝗯𝗮𝗻𝗸𝗶𝗻𝗴, 𝘁𝗿𝗮𝗱𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗲, 𝘁𝗿𝗲𝗮𝘀𝘂𝗿𝘆 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀, 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘁𝗲𝗿𝗺𝗲𝗱𝗶𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮 𝗯𝘂𝗹𝗹𝗶𝗼𝗻 𝗺𝗮𝗿𝗸𝗲𝘁 𝗽𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝗻𝘁, leveraging GIFT-IFSC's regulatory framework and growing financial infrastructure.

The meeting also provided an opportunity to exchange perspectives on strengthening financial connectivity between India and the UAE and exploring avenues for future institutional engagement.

@Rakbanklive @VibrantGujarat @cgidubai

#VibrantGujarat #GIFTIFSC #IFSCA #RAKBANK #InternationalBanking #IndiaUAE #TradeFinance