May marked several sweeping regulatory developments in the fintech space. While the proactive approach of the RBI in monitoring the NBFCs caused a stir, several other key developments also made the he...
Published On: 09/10/2024
Practice Area: Corporate & Commercial, Banking & Finance, Government & Regulatory, Financial Services
Authors:
“Gujarat International Finance Tec-City (GIFT City) is emerging as a crucial global finance hub, attracting various financial and technology firms with its unique blend of regulatory advantages, tax incentives, and cutting-edge infrastructure. The recent influx of foreign banks is driven by the desire to tap into India's growing economy, enabling them to conduct various financial activities within a supportive regulatory framework. With the recent regulatory developments, GIFT City has further solidified its role in the international banking landscape. INDUSLAW's Swathi Sreenath, Harsh Sahu and Suyash Bajpai explore the various opportunities available for foreign banks in GIFT City and the regulatory framework surrounding various banking entities.
