Telecom Secretary K Rajaraman

Telecom Secretary K Rajaraman had become the new chairperson of IFSCA

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International Financial Services Centres Authority In the recent update of telecommunication of Telecom Secretary K Rajaraman had been selected as the new chairperson of the International Financial Services Centres Authority (IFSCA), government.

 International Financial Services Centres Authority (IFSCA)

K Rjaraman had been selected as the new chairperson of the International Financial Services Centres Authority (IFSCA), replacing  Injeti Srinivas, who served as the inaugural chairperson since 2020. As per the notification, his appointment is valid for 3 years starting from the date he will assume charges or until he reaches the age of 65, or until further orders are issued, whichever occurs earlier. The International Financial Services Centres Authority (IFSCA) was formed in April 2020 through the enactment of the International Financial Services Centres Authority Act, 2019, with headquarters at GIFT City, Gandhinagar, which serves as a unified regulatory body responsible for the development and supervision of financial products, services, and institutions within the International Financial Services Centre (IFSC) in India.

K Rjaraman- chairperson of International Financial Services Centres Authority (IFSCA)

Who is the first chairman of IFSCA?

Injeti Srinivas is the Senior bureaucrat Injeti Srinivas has been appointed as the first chairman of the International Financial Services Centre Authority (IFSCA)

What is the International Financial Services Centres Authority (IFSCA)?

The IFSCA serves as a unified regulatory body responsible for the development and supervision of financial products, services, and institutions within the International Financial Services Centre (IFSC) in India. Currently, GIFT IFSC is India’s first international financial services centre. Before the establishment of IFSCA, domestic financial regulators such as RBI, SEBI, PFRDA, and IRDAI regulated activities within the IFSC.

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