The Reserve Bank of India (“RBI”) issued draft circulars on regulation of payment aggregators – physical point of sale and draft amendments for the PA-PG Guidelines. These draft circulars mark a...
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.
