IFSCA To Have An Instant Settlement Payment System Within Six Months At GIFT CITY

The Chairperson of the International Financial Services Authority (IFSCA), K Rajaraman, in an exclusive interview with Business Today TV, said that they are coming up with near settlement payment regulations in the GIFT City in the next six months. He said, “We want to set up an RTGS kind of system, which we expect to roll out in six months from now.” On the direct listing, he shared that SEBI is in the process of amending regulations to allow listed entities to list in GIFT City. He shared that it could take about six months for listed companies to make it to the GIFT market. Watch this exclusive chat.