IFSC companies

[Poornima Gupta]

What are IFSC companies? What are examples of such companies in India? Are banks also included in this category?

[DR.MARIAPPAN GOVINDARAJAN]

IFSC stands for “INTERNATIONAL FINANCIAL SERVICES CENTRES”. An IFSC caters to customers outside the jurisdiction of the domestic economy. Such centres deal with flows of finance, financial products and services across borders. Example - Arihant Capital (IFSC) Limited;East India (IFSC) Limited. Banks are considered as IFSC in SEZs

AI Summary

International Financial Services Centres provide cross-border financial services; banks may operate as IFSC entities in special economic zones
INTERNATIONAL FINANCIAL SERVICES CENTRES (IFSC) are specialised hubs serving customers outside the domestic jurisdiction by providing cross border financial products, services and financing flows. Examples include Arihant Capital (IFSC) Limited and East India (IFSC) Limited. Banks may be treated as IFSC entities when operating within designated special economic zone frameworks, enabling them to offer comparable cross border financial services.