IFSC Banking Unit definition

IFSC Banking Unit or an “IBU” means a bank permitted by the Reserve Bank of India under the Banking Regulation Act, 1949 to operate from an International Financial Services Centre (IFSC).
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IFSC Banking Unit means a financial institution defined under clause (c) of sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 (50 of 2019), that is licensed or permitted by the International Financial Services Centres Authority to undertake permissible activities under the International Financial Services Centres Authority (Banking) Regulations, 2020;”;
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IFSC Banking Unit or “IBU” means a Banking Unit licensed or permitted by the Authority to operate in an IFSC as a branch of the Parent Bank.]
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Examples of IFSC Banking Unit in a sentence

  • External commercial borrowings from ICICI Bank Limited IFSC Banking Unit of USD 4 million, Union Bank of India (UK) Limited USD 6 million and USD 10 million from AFR Asia Mauritius repayable in two equal installments in 5th and 6th year from first utilisation dated November 10, 2016.

  • Scien- tific highlights spanned from the cos- mological debate on the determination of H0 and the age of the Universe, to the formation and evolution of galaxies at high redshift, to the birth of stars within dense interstellar clouds, to the unified scenario for the formation of disks and jets around collapsing objects (at all scales, from stars to massive galactic black holes), to planet formation and detailed studies of solar-system objects.

  • Kotak Mahindra Bank, one of the leading private banks in India signed MoU with GIFT City on April 10, 2015 for setting up an IFSC Banking Unit for carrying out offshore banking related activities in GIFT SEZ-IFSC.

  • In the context of IFSCI, the Lender is likely to be an IFSC Banking Unit (IBU) or any other Bank regulated by IFSCA or regulator of the jurisdiction in which finance would be sought.

  • Description of workProposed HVAC works of IFSC Banking Unit, GIFT City, Gandhinagar(b)Earnest Money Rs. 12, 000 / - (Twelve Thousand only)by means of Demand Draft / Pay Order from any scheduled Nationalized Bank drawn in favour of SBI Infra Management Solutions Pvt.

  • The Mooi River is exposed to many potential catchment related hazards that could seriously affect bulk water security of the JB Marks Local Municipality over an extended period of time.

  • P A T E L M/s Vastu NirmanAhmedabad3) Site Address : IFSC Banking Unit, GIFT City, Gandhinagar.

  • He will make sure that the expenditure does not exceed the revenue and that the association’s money is spent in a way that is beneficial to its members.

  • P A T E L M/s Vastu NirmanAhmedabadSite Address : IFSC Banking Unit, GIFT City, Gandhinagar.

  • No.Description1.Name of workProposed HVAC works of IFSC Banking Unit, GIFT City, Gandhinagar2.Nature of WorkHVAC Work3.Time allowed for completion (60 days) 2 Months from date of acceptance of work order.4.Cost of Tender DocumentsRs. 5,000/- (To be deposited along with Tender Part-A by way of Demand Draft in favour of SBI Infra Management Solutions Pvt.

Related to IFSC Banking Unit

  • Digital Banking (a) means our present and future online banking services which can be accessed through 365 Online, Business Online, Bank of Ireland Mobile Banking, and services available on www.bankofireland.com; and

  • Mobile Banking means the banking services accessible from the Device you have registered with us for Mobile Banking.

  • RFR Banking Day means any day specified as such in the Reference Rate Terms.

  • Internet Banking means the service we offer by which you can access and transact on a nominated account by using a personal computer and accessing via our website. This includes transactions processed through the mobile banking facility as well as the smartphone app facility.

  • Online Banking is the internet-based service providing access to your Bank account(s);

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Instrument or, as the case may be, Coupon.

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or required by law, regulation or executive order to close.

  • Manager-managed limited liability company means a limited liability company that is managed by

  • Financial Services means any service of a financial nature, including (but not limited to) —

  • Western Australia the following definitions‑

  • Relevant Banking Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place where the specified office of the Registrar is located and, in the case only of an exchange of a Bearer Note for a Registered Note where such request for exchange is made to the Principal Paying Agent, in the place where the specified office of the Principal Paying Agent is located;

  • Applicable Banking Regulations means at any time the laws, regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, then applicable to Banco Santander and/or the Group including, without limitation to the generality of the foregoing, the CRD IV, the BRRD, the SRM Regulation and those regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency of the Regulator and/or the Relevant Resolution Authority then applicable to Banco Santander and/or the Group including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, in each case to the extent then in effect in the Kingdom of Spain (whether or not such regulations, requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to Banco Santander and/or the Group).

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Telephone Banking Service or “TBS” means any banking service operated over the telephone (by whatever name it may be known as) offered by the Bank, in connection with the Service Instructions and includes but is not limited to such services respectively known as Self Service Phone Banking and CitiPhone Banking; and

  • Call Centre means a dedicated centre that has the purpose of receiving and transmitting telephone calls in relation to customer service operations of the retailer or distributor, as relevant, and consists of call centre staff and 1 or more information technology and communications systems designed to handle customer service calls and record call centre performance information.

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Telephone Banking means banking services available from time to time by telephone;

  • Federal banking agency means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the National Credit Union Administration and the Federal Deposit Insurance Corporation;

  • Sub-Sector refers to the specific sector in which the reservation is taken;

  • Venture capital fund means a private fund that meets the definition of a venture capital fund in SEC Rule 203(l)-1, 17 C.F.R. § 275.203(l)-1.

  • CAFA means the Class Action Fairness Act of 2005, 28 U.S.C. §§ 1711–1715.

  • CC means the Conditions of Contract.