Page 5 - Gift City Ifsc
GIFT City's IFSC bags 10th place in Global Financial Centres Index
Including GIFT City's IFSC, six of the top ten emerging centres are in Asia
 "GIFT City's IFSC bags 10th place in Global Financial Centres Index")
Broking, insurance and banking transactions cross $4 bn at GIFT City's IFSC
With 13 more being approved by the special economic zone (SEZ) development commissioner, the number of units within the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) has risen to 103.Units within the finance SEZ of around 13 broking, IT, reinsurance and banking firms such as HDFC Bank Limited, Karvy Broking Ltd, Pabhudas Lilladher IFSC Pvt. Ltd, JM Global Wealth IFSC Pvt. Ltd, Softpulse Technology, Airan Global Pvt. Ltd, Lucent Innovation, and J.B. Boda Reinsurance Brokers Pvt. Ltd, among others have been approved. According to Ajay Pandey, MD & Group CEO, GIFT City, the IFSC at GIFT City now has 87 capital market units, 10 banks and six insurance companies. Of these, while banks have crossed transactions worth $3 billion through international banking units (IBUs) within the IFSC, insurance companies have touched $1 billion worth of sum insured while stock exchanges have seen single day trading of around $100 million."Two ...
 "Broking, insurance and banking transactions cross $4 bn at GIFT City's IFSC")