Finance Ministry has appointed Pramod Rao, Executive Director, SEBI, as a Member in the Board of International Financial Services Centre Authority (IFSCA). Rao has replaced Sujit Prasad, Executive Director SEBI, who was appointed as a Member (representing SEBI) in IFSCA in July 2020.
It maybe recalled that Rao took charge as SEBI Executive Director on July 15, 2022. Prior to this assignment at SEBI, Rao, an alumnus of the National Law School of India University, held the position of Group General Counsel at ICICI Bank and provided strategic oversight to the legal function for the ICICI Group.
Earlier, he had served as a Member of the Board of Directors of ICICI Securities Ltd, ICICI Prudential Trust Ltd and ICICI Trusteeship Services Ltd.
The IFSCA is a statutory authority established under the International Financial Services Centres Authority Act, 2019 with a mandate to develop and regulate the financial products, financial services, and financial institutions in the International Financial Services Centres (IFSC). Currently, GIFT City in Gujarat is India’s first and only operational IFSC.
In the recent years, India has been making concerted efforts to attract foreign businesses into its international financial services Centre (GIFT City in Gujarat). Several fiscal incentives have been accorded to various players in the financial services industry to enhance the attractiveness of this IFSC for foreign businesses.
National News NHM Mizoram Declared India's 21st Designated Repository Under Biological Diversity Act The Ministry…
The signing of the payment agreement for the Narmada project occurred in New Delhi on…
The Ministry of Tribal Affairs has launched TribeX, it is India's first dedicated digital learning…
India and Indonesia have strengthened Comprehensive Strategic Partnership by signing 14 agreements in various areas…
The race for the FIFA World Cup 2026 Golden Boot has become the most exciting…
Madhya Pradesh which is often called the "Heart of India," and it is home to…