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Indian banks approved to transfer assets via participation agreements From Krishnan Nayar NEW DELHI, 30th December, 2020 (WAM) – India’s Ministry of Finance today notified that banking units are free to transfer assets to or from other financial institutions, persons resident in India and persons resident outside India through any internationally recognised standard risk participation agreement. This will be done through the International Financial Services Centres Authority (IFSCA) which was established in April this year with its head office in Gandhinagar, capital of Gujarat state. Its establishment followed legislation passed by Parliament in December 2019 to set up a unified authority for regulating all financial activities via IFSCs as part of economic reforms. The Gandhinagar IFSC is the first in India.

United statesBankers association forInternational financial services centres authorityFrom krishnan nayarMaster risk participation agreementBankers associationஒன்றுபட்டது மாநிலங்களில்வங்கியாளர்கள் சங்கம் க்குசர்வதேச நிதி சேவைகள் மையங்கள் அதிகாரம்இருந்து கிருஷ்ணன் நாயர்வங்கியாளர்கள் சங்கம்