IFSCA Hits $100 Billion in Banking Assets at GIFT City

The International Financial Services Centre (IFSC) at GIFT City is rapidly positioning itself as a key channel for global capital entering India. In an interaction with CNBC-TV18, IFSCA Chairman K. Rajaraman said the platform is evolving into a preferred gateway for international funds looking to invest in India’s growth sectors.

IFSC Emerging as Capital Gateway

The IFSC has seen fast expansion over the past 5 years, now home to 35 banks with total assets exceeding $100 billion. Companies have raised more than $65 billion in bond issuances through the IFSC so far, including $15 billion in green and social issuances.

Rajaraman said the hub is increasingly being used by firms, both domestic and foreign to raise capital for infrastructure, manufacturing, renewable energy and other growth-linked sectors. He stressed that IFSC enables both equity and debt flows into India as the economy scales up.

Growing Investor Participation and Policy Push

More than 12,000 NRIs now hold deposits with IFSC-based banks, and over 300 Alternate Investment Funds (AIFs) have already registered, mobilising funds for India-linked investments.

Regulatory upgrades are underway, including digital KYC and streamlined cross-border payment integration to simplify investor onboarding. Rajaraman said the authority is benchmarking regulations with global hubs like Singapore and Dubai to improve competitiveness.
 

Read More: NSE GIFT City to Introduce India's First Foreign Currency Equity Listing!

Conclusion

With increasing investor participation and policy momentum, IFSC GIFT City is shaping into a strategic capital bridge between global investors and India’s long-term growth opportunities.

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