IFSCA Grade A case studies
IFSCA Grade A · Put your knowledge to work in context.
The IFSCA Grade A recruitment examination is the entry route into the International Financial Services Centres Authority, described on its official site as "a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India." The Authority was established on April 27, 2020 under the International Financial Services Centres Authority Act, 2019 and is headquartered at GIFT City, Gandhinagar in Gujarat. Because IFSCA acts as a unified regulator succeeding the earlier split mandate of RBI, SEBI, PFRDA and IRDAI over IFSC business, the paper spans the full breadth of the financial sector rather than one silo. The IFSCA Grade A case studies are 5 cases and about 2,389 words.
1Quarter-End Pressure at an IFSC Banking Unit
An IFSC banking unit (IBU) of an Indian bank in GIFT City has Tier 1 capital of USD 180 million. Its credit team has approved a USD 60 million three-year term loan to Orion Star Pte Ltd, a Singapore commodity trader.
572 words, about 3 min2Retail Ambition at an IFSC Fund Manager
Aurelia Capital is a fund management entity registered with IFSCA in GIFT City with net worth of USD 1.2 million and no prior scheme. It plans to launch the Aurelia India Growth Fund with a target corpus of USD 75 million.
497 words, about 2 min3Broker's Kill Switch Fails on a Volatile Day
Meridian Securities is a trading member on a recognised stock exchange in GIFT City, serving 1,200 non-resident clients. On a volatile day, a software update disables the price-band and order-throttle checks for 22 minutes.
444 words, about 2 min4Repossession After Airline Insolvency
Skybridge Leasing IFSC Pvt Ltd owns an A320neo leased to Nimbus Airlines, an Indian scheduled carrier. Lease rent is USD 320,000 per month, with a two-month security deposit.
443 words, about 2 min5Cross-Border Wallet with Indian Users
PayNimbus is a fintech entity authorised by IFSCA in GIFT City to provide payment services. It plans a multi-currency stored-value wallet for Indian residents and NRIs.
433 words, about 2 min