RBI Grade BNABARD ESISEBI
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Context:
“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel
Finance Minister Nirmala Sitharaman inaugurated the foreign currency settlement system at GIFT City International Financial Services Centre (IFSC) during the Global Fintech Fest 2025. The system aims to enable real-time settlement of foreign currency transactions, improve liquidity management, and ensure regulatory compliance.
Key Features
- Real-Time Settlement: Enables instant or same-day settlement of trades and payments in foreign currencies.
- Multicurrency Support: Initially supports USD, GBP, and EUR, with scope to expand to other major currencies.
- Regulated Environment: Operates under the supervision of the International Financial Services Centres Authority (IFSCA).
- Integrated Compliance: Fully compliant with KYC, AML, and FATF global standards.
- Liquidity Management: Improves liquidity for institutions operating in foreign currencies within GIFT City.
- Fintech-Ready: Designed to connect with banks, fintechs, and trading platforms for seamless settlement.
