Banking Unit liabilities, except deposits raised from Qualified Individuals and Qualified Resident Individuals, are exempt from Cash Reserve Ratio and similar reserve requirements. Deposits raised from those categories remain subject to reserve ratios specified by the Authority.

Exposure ceilings applicable to a Banking Unit restrict exposure to a single borrower to five percent of the Parent Bank's Tier 1 capital and exposure to a borrower group to ten percent of that capital. These prudential limits regulate credit concentration by linking permissible single-borrower and group exposure to the Parent Bank's Tier 1 capital.

Banking Units must maintain a leverage ratio in accordance with prudential norms and guidelines specified by the Authority from time to time. The requirement is an ongoing regulatory compliance obligation, and applicable standards are determined through the Authority's leverage-ratio framework and subsequent directions.

Banking Units must maintain the Liquidity Coverage Ratio, although permission may allow the Parent Bank to maintain it. The Net Stable Funding Ratio applies when determined by the Authority and must then be maintained by the Banking Unit, subject to permitted maintenance by the Parent Bank.

Banking Units in an International Financial Services Centre must comply with prudential norms and guidelines prescribed by the Authority. They must also continue to follow Reserve Bank of India directions and instructions applicable to IFSC Banking Units, unless the Authority specifies otherwise.

Indian and foreign banks require an Authority licence to establish a Banking Unit in an International Financial Services Centre. The Parent Bank must apply as prescribed, maintain the required starting capital on an unimpaired basis, obtain home-regulator clearance, and undertake to provide liquidity when needed. Foreign banks without an Indian presence are subject to an additional mechanism. Licensing may carry further conditions, with an opportunity for written submissions before a reasoned rejection. Each Parent Bank may establish only one Banking Unit in each International Financial Services Centre as a branch, while Representative Offices remain subject to specified conditions.

Regulation 2 establishes defined terms governing Banking Units in an International Financial Services Centre. A Banking Unit is a licensed financial institution undertaking permissible activities, while units set up by foreign and Indian banks are classified as Foreign Bank Units and Indian Bank Units. Qualified Individuals and Qualified Resident Individuals must meet the prescribed residency status and net-worth threshold. Expressions not defined are assigned meanings under the governing Act, scheduled enactments, and related rules or regulations.

International Financial Services Centres Authority (Banking) Regulations, 2020 establish a regulatory framework for banking and investment activities in International Financial Services Centres. Made under powers conferred by the International Financial Services Centres Authority Act, 2019, the regulations take effect upon publication in the Official Gazette.

Organic grocery delivery is positioned as requiring a proof-led supply chain rather than a speed-driven quick-commerce model. Delivery convenience is intended to operate without displacing verification processes supporting organic-product claims. Batch-level laboratory testing for banned chemical and pesticide residues forms a pre-sale control within the supply chain, while QR-code access to product laboratory reports is intended to give customers traceable evidence of testing. The model combines app-based doorstep delivery with certified sourcing, manufacturing controls, residue testing and consumer-facing verification.

Bank guarantee fees paid to a bank for its commitment and related services arise on a principal-to-principal basis and do not constitute commission or brokerage where no principal-agent relationship exists. Consequently, tax was not deductible at source from such payments under Section 194H, and the related disallowance was deleted. A subsequent notification exempting specified bank guarantee payments did not change the position for the payment under consideration.

Invitees at Authority meetings may be permitted where their presence is desired for advice or consultation. The Chairperson may invite such person to attend after giving prior intimation to the other members.

Organisers and participants in specified events in Delhi must obtain GST registration and discharge applicable tax liabilities. Unregistered persons must register as Casual Taxable Persons at least five days before the event and deposit advance tax equivalent to estimated liability. Existing GST registrants must add the event venue as an additional place of business or obtain CTP registration. Organisers and venue owners are jointly and severally responsible for compliance, while organisers must provide prior intimation, obtain an NOC, disclose vendor and sponsor details, issue tax invoices where applicable, and submit post-event tax and sales information.

Reimbursement of Delhi GST deposited on admission services for the exhibition of "Super 30" is subject to unchanged entry fees and seating capacity, separate deposit of State GST through prescribed challans, and submission of a prescribed application with challan copies. Tickets and counterfoils must carry an endorsement that SGST has not been charged. The facility is available for six months, excludes tax already collected from viewers, and is subject to budgetary fund availability.

Meeting quorum rules permit at least two members to constitute a quorum where the Authority's total strength is below four, subject to the presence of at least one ex-officio member. The Chairperson may invite persons for advice or consultation after prior intimation to other members. Information concerning the Authority's functioning and meeting decisions may not be disclosed to the press or other public media by members, except by the Chairperson or a specifically authorised person.

Members of the International Financial Services Centres Authority must declare faithful performance of their duties and maintain secrecy concerning Authority affairs. They must not communicate information about the Authority or persons dealing with it to persons not legally entitled to receive it, or permit such communication. They must also prevent unauthorised inspection of or access to books, documents, and business information concerning persons having dealings with the Authority.

Affixation of the Authority's Common Seal requires prior authorisation through a resolution of the Authority. The seal may be affixed only in the presence of at least one member, who must sign the instrument to attest that presence. This signature is independent of any signature made by a witness to the instrument.

Regulation 15 empowers the Chairperson, whole-time members, and Chairperson-nominated officers to execute financial and business documents for the Authority. This includes dealing with negotiable instruments, securities, property title documents, bills of exchange, accounts, receipts, and connected instruments. Officers specifically authorised by the Chairperson may also sign and verify plaints, written statements, complaints, affidavits, petitions, and other documents connected with legal proceedings.

Execution of contracts by the Authority is permitted in writing through a member, officer, or other person acting under express or implied authorisation where written execution and signature are legally required. Such contracts may be varied or discharged in the same manner. Contract-related documents may be signed and verified by an officer authorised by the chairperson. Contracts executed in accordance with these requirements are valid and binding on the Authority.

The Chairperson must nominate an Authority officer of at least Grade 'D' as Secretary to keep custody of the common seal, attendance register, minutes book, and other meeting-related records. The Secretary is responsible for arranging meetings, recording minutes, and generally ensuring compliance with the meeting procedure regulations.

Every member must, before assuming duties, sign the prescribed declaration of fidelity and secrecy. The declaration requires strict secrecy regarding all transactions and related matters, and prohibits disclosure of information acquired in the discharge of duties unless disclosure is required or authorised by the Authority or by law.