State Bank of India will acquire up to 9.95 per cent stake in India International Clearing Corporation (IFSC) Ltd subject to a maximum investment of Rs 34.03 crore. The Clearing Corporation is a GIFT City (Gandhinagar, Gujarat) based Market Infrastructure Institution (MII). The Corporation is the first international clearing corporation to be set up at Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC). The Clearing Corporation acts as a central counterparty providing clearing & settlement and risk management services to India International Exchange (IFSC) Ltd.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Important takeaways for all competitive exams:
Did you know that the air we breathe can sometimes be more harmful than we…
Did you know that India has one of the largest railway networks in the world,…
Delhi Chief Minister Rekha Gupta presented the Budget 2026-27 on March 24, 2026 and with…
Global investment bank Goldman Sachs has reduce the India’s GDP growth forecast for 2026 to…
The Hurun Global Rich List 2026 released and it shows a powerful trend in self-made…
The Garo Hills Autonomous District Council (GHADC) in Meghalaya has passed an amendment and makes…