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Govt to ease norms for IFSCA-registered lenders
Mint Chennai
|June 28, 2025
The exemption is set to ease operations for financing cos in GIFT City and promote it as a financial hub
The central government is set to exempt non-bank lenders registered with International Financial Services Centres Authority (IFSCA) from the Companies Act provisions governing loans, guarantees, and investments made by companies.
The ministry of corporate affairs has received a request from IFSCA for such an exemption to finance companies registered with it, which is aligned with similar exemption to non-bank lenders registered with Reserve Bank of India (RBI), the ministry said.
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