International Financial Services Centres Authority (IFSCA) is a statutory body/ authority that was established by the Government of India. It was established on 27th April 2020 under the International Financial Services Centres Authority Act, 2019. IFSCA is responsible for developing and regulating financial products, financial services and financial institutions. Check out some of the generic data/overview on IFSCA in the table below:
| Organization Name | IFSCA |
| IFSCA Full Form | International Financial Services Centres Authority |
| IFSCA Chairman | Injeti Srinivas |
| IFSCA Headquarter | GIFT City, Gandhinagar in Gujarat |
| IFSCA Established on | 27th April 2020 |
| IFSCA Official Website | Check Here |
| IFSCA Recruitment 2023 | IFSCA Grade A (Assistant Manager) |
Check out IFSCA Grade A Tests Plan & Learn Plan for Phase 2
Table of Contents
- IFSCA Full Form & Its Departments/ Division
- Role/Functions of IFSCA
- Advantages of IFSCA
- IFSCA Chairman
- IFSCA Recruitment 2023
- IFSCA Grade A Salary 2023
- IFSCA FAQs
- Download FREE Ebooks on Government Schemes for all Regulatory Exams: IRDAI, RBI, NABARD, SIDBI, SEBI, IFSCA
- FREE Ebooks on General Awareness, ESI, FM & Miscellaneous Topics for all Regulatory Exams: IRDAI, RBI, NABARD, SIDBI, SEBI, IFSCA – Download
- Download FREE Ebooks on QRE (Quantitative Aptitude, Reasoning, English) for all Regulatory Exams: IRDAI, RBI, NABARD, SIDBI, SEBI, IFSCA
IFSCA Full Form & Its Departments/ Division
As mentioned earlier, IFSCA Full Form is the International Financial Services Centres Authority and it is located in Gandhinagar, Gujarat. There are several departments/ divisions of IFSCA which are given below:
- Department of Capital Markets
- Department of Metals and Commodities
- Department of IT and Fintech
- Department of Banking
- Department of Development
- Department of Legal Policy and Legal Affairs
- Department of Insurance
- Department of General Administration
- Department of Economic Policy & Analysis
- Department of Regulatory Policy and & Regulatory Affairs
Role/Functions of IFSCA
The candidates must check out the below-mentioned points to have a clear idea on what is the role of IFSCA.
- The IFSCA is responsible for regulating and developing the IFSCs in India.
- Its main objective is to promote and develop the financial products and services offered by these centres.
- It also aims to attract foreign investment into the country and increase the competitiveness of the Indian financial services sector on a global scale.
- The IFSCA has the power to grant licences to companies operating within the IFSCs.
- It also regulates and supervises financial institutions operating in these centres, such as banks, insurance companies, and stock exchanges.
- The IFSCA also has the power to investigate and penalize companies that violate its regulations.
Advantages of IFSCA
The candidates must check out the below-mentioned advantages of IFSCA. Check out the same.
- Boosts international trade and investment:
The IFSCA helps to create a favourable environment for international trade and investment by providing a range of financial services such as banking, insurance, and capital market services. It also facilitates cross-border transactions and investments by regulating financial activities in a transparent and efficient manner.
- Attracts global financial players:
The IFSCA provides a platform for global financial players to set up their businesses in India. With its world-class infrastructure and regulatory framework, the IFSCA attracts international financial institutions and companies to invest in India and provides them with an opportunity to expand their operations in the Indian market.
- Provides a business-friendly environment:
The IFSCA provides a business-friendly environment for financial institutions by offering a range of incentives such as tax benefits, simplified regulatory processes, and a single-window clearance system. This enables companies to set up their operations quickly and efficiently, and focus on their core business activities.
- Facilitates innovation and growth:
The IFSCA encourages innovation and growth in the financial services industry by providing a conducive environment for research and development activities. It also provides a platform for financial technology (Fintech) companies to develop new products and services, and collaborate with other stakeholders in the industry.
- Promotes employment opportunities:
The IFSCA provides employment opportunities to skilled professionals in the financial services industry. It helps to create a large number of jobs in areas such as banking, insurance, capital markets, and fund management. This helps to boost the overall economic growth of the country.
IFSCA Chairman
As the IFSCA was recently established in 2020, its first chairperson is still serving his tenure. The IFSCA Chairman is Mr Injeti Srinivas. He was the former corporate affairs secretary and 1983-batch IAS officer of the Odisha cadre. IFSCA Chairman was appointed for a period of three years.
IFSCA Recruitment 2023
The International Financial Services Centres Authority released IFSCA Recruitment for Assistant Managers on 11th February 2023. A total of 20 vacancies were released. The post of Assistant Manager comes under IFSCA Grade A Officers. As the vacancies are fewer, the competition level will be quite high so the candidates must be prepared well. For the same, the best strategy is to attempt mock tests on a regular basis.
Attempt IFSCA FREE Mock Tests Here
If you are still thinking about how to prepare for IFSCA Recruitment Exam in an organized manner, then you should definitely check out IFSCA Grade A Study Material
IFSCA Grade A Salary 2023
Candidates who are preparing for this exam must be very curious to know how much they can earn after being appointed as Assistant Managers in IFSCA. Well, the salary structure is quite impressive here. The pay scale for IFSCA Grade A Officers is Rs. 44500- 2500(4)- 54500- 2850(7)- 74450- EB- 2850(4)- 85850- 3300(1)- 89150 (17 years). The detailed salary structure, probation period and more things can be checked in the article given below.
Check IFSCA Grade A Salary for Assistant Managers Here!
IFSCA FAQs
IFSCA Full Form is the International Financial Services Centres Authority.
IFSCA was established on 27th April 2020.
The first IFSCA Chairman is Injeti Srinivas.
The notification had been released on 11th February 2023 for the post of Assistant Managers under IFSCA Recruitment 2023.
IFSCA Headquarters is located in Gandhinagar, Gujarat.
Yes, IFSCA is a statutory body.
Download FREE Ebooks on Government Schemes for all Regulatory Exams: IRDAI, RBI, NABARD, SIDBI, SEBI, IFSCA
FREE Ebook on Top 10 Govt Schemes from Ministry of Agriculture: Part 1 – Download
FREE Ebook on Top 10 Govt Schemes from Ministry of Agriculture: Part 2 – Download
Download Top 5 Government Schemes From the Ministry of Education
Download the Free Ebook on Top 6 Govt. Schemes from the Ministry of Finance
Ebook on Top 5 Initiatives of NITI Aayog – Download FREE
FREE Ebooks on General Awareness, ESI, FM & Miscellaneous Topics for all Regulatory Exams: IRDAI, RBI, NABARD, SIDBI, SEBI, IFSCA – Download
The syllabus of all the regulatory exams is somewhat similar, so practicing and learning from other exam-specific ebooks are also beneficial in the preparation. Here, we have compiled all the latest ebooks that will help you ace the exam.
RBI Bolt March 2023 Summary FREE Ebook
Top 100 PIB Current Affairs MCQs for RBI Grade B 2023: Part 1 – Download FREE
Top 100 PIB Current Affairs MCQs for RBI Grade B 2023: Part 2 – Download FREE
FREE Ebook on Introduction to Management
FREE Ebook on Indian Agriculture
Insurance Sector in India FREE Ebook
International Economic Institutions FREE Ebook
Download FREE Ebooks on QRE (Quantitative Aptitude, Reasoning, English) for all Regulatory Exams: IRDAI, RBI, NABARD, SIDBI, SEBI, IFSCA
The candidates must make a note that we have drafted the content for RBI Grade B 2023 Exam like Top 25 Syllogism Questions for RBI Grade B, Top 25 Number Series Questions for RBI Grade B but practicing them for other regulatory exams will benefit your preparation level, so download all the ebooks for FREE and enhance your preparation.
Ebooks on Quantitative Aptitude
Top 25 Number Series Questions for RBI Grade B 2023 – Download FREE
Ebooks on Reasoning
Top 25 Puzzle Questions for RBI Grade B 2023: Download FREE
Top 25 Syllogism Questions for RBI Grade B 2023: Download FREE
Ebooks on English Language
Top 100 Idioms & Phrases for RBI Grade B 2023: Download FREE Ebook
Top 135 One Word Substitutions for RBI Grade B 2023: Download FREE Ebook
Get Daily FREE Material for RBI Grade B, NABARD Grade A, SEBI Grade A, IFSCA Grade A, and SIDBI Grade A- Join Oliveboard’s Regulatory Exam Telegram Channel
Do not forget to check out all the videos for RBI Grade B, NABARD Grade A, SEBI Grade A, IFSCA Grade A, and SIDBI Grade A, IRDAI Assistant Manager- Subscribe to Oliveboard’s Regulatory Exam Youtube Channel
DOWNLOAD THE RBI, NABARD, SEBI Prep App FOR ON-THE-GO EXAM PREPARATION
The app provides comprehensive study material in the form of online courses to ace these examinations. The study material ranges from online LIVE classes, video lectures, study notes, revision sessions, past year papers, topic tests, the objective plus descriptive mock tests, mock interviews, and much more.
- SSC JHT Eligibility Criteria 2023, Know Age Limit, Qualification
- THDC JET Recruitment 2023 Notification Out for 181 Posts
- SSC JE Exam Date 2023, Know the Important Dates
- TN TRB BEO Syllabus 2023 and Exam Pattern, Check Full Details
- SSC JHT Syllabus 2023, Know Topics and Exam Pattern
I have been a Government Job aspirant myself but writing was always my passion. Since 2021, I have been writing various blogs on several exams such as Banking, SSC, State PSCs, etc. The ultimate motive is to provide correct and detailed information that the user needs in one place. Apart from writing and marketing, I love to cook.
Oliveboard Live Courses & Mock Test Series