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IFSCA executes MoU with the Reserve Bank of India (RBI)
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....FSCA executes MoU with the Reserve Bank of India (RBI) <br>News and Press Release<br>Dated:- 16-11-2022<br><BR>The International Financial Services Centres Authority (IFSCA) and the Reserve Bank of In....
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....dia (RBI) have entered into a Memorandum of Understanding (MoU) for collaboration in the field of regulation and supervision of regulated entities in their respective jurisdictions. The MoU facilitat....
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....es technical cooperation and exchange of information. The IFSCA, being a unified regulator responsible for development and regulation of financial products, financial services and financial instituti....
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....ons in the International Financial Services Centre(s) (IFSC) established in India, is, inter-alia, entrusted with the responsibility of regulation and supervision of authorized banks and non-banking f....
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....inancial institutions operating in such IFSCs. The RBI is the central bank and monetary authority of India carrying on, inter-alia, the regulation and supervision of banks and non-banking financial ....
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....institutions as well as undertaking other functions and exercising powers in accordance with various statutes The MoU opens up avenues for cooperation between the two regulators, thereby strengthenin....
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....g the safety, stability and soundness of respective financial ecosystems and nurturing environments conducive to optimal business development and economic growth.<BR> News - Press release - PIB....