Unlocking New Horizons: Ministry Of Finance Expands IFSC Opportunities Through Diversified Services

As per the International Financial Services Centres Authority Act, 2019 a financial unit in IFSC which is engaged in financial services can provide services in respect of financial product such as securities, contract of insurance, deposit, credit arrangements, foreign currency contracts, other products as may be notified by Central Government from time to time.

The Ministry of Finance, through a Gazette notification on January 18, 2024, has widened the scope of permissible activities forming part of financial services within International Financial Services Centers (IFSC).

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