The International Financial Services Centres Authority (IFSCA) is a statutory regulatory body established by an Act of the Indian Parliament. It was established to develop and regulate the financial services market in the International Financial Services Centres (IFSC) in India.
GIFT IFSC in GIFT City of Gandhinagar is the maiden IFSC in India. The IFSCA is empowered to exercise the powers of the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory Development Authority of India (IRDAI) and Pension Fund Regulatory Development Authority of India (PFRDA) in respect of financial products, financial services and financial institutions in the International Financial Service Centres.
With its headquarters in GIFT City, Gandhinagar, the main objective of IFSCA is to develop a strong global connection while focusing on the needs of the Indian economy as well as to serve as an international financial platform for the whole region and the global economy.
The IFSCA usually conducts the IFSCA Grade A Exam to recruit Assistant Manager (Officer Grade A) for the General and Legal streams every year.