GIFT City's IFSC Bags 10th Place in Global Financial Centres Index

Posted on:03 Oct 2017 11:51:41
GIFT City's IFSC Bags 10th Place in Global Financial Centres Index
03 October 2017 Current Affairs: Gujarat International Finance Tec-City (GIFT City)'s International Financial Services Centre (IFSC) bagged the 10th spot in the latest edition of Global Financial Centres Index (GFCI), London.

The rank is tenth ahead of Luxembourg, Seoul, Abu Dhabi, Toronto and Beijing in the list of the GFCI report, which has 15 centers that are likely to become more significant in the next few years.

GIFT is operational with approximately 10 leading banks, 8 insurance companies, and participating brokers, and 2 International Exchanges (India INX and NSE IFSC) along with around 100 capital market players have established their base at GIFT IFSC.

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