Economy, Banking and Finance · 9 August 2026

International Financial Services Centres Authority (IFSCA) grants in-principle approval to Standard Chartered for wealth management at GIFT City

Exam-focused facts from the 9 August 2026 current affairs briefing.

Key facts

  • Standard Chartered received in-principle approval from the International Financial Services Centres Authority (IFSCA) to distribute capital market products from GIFT City.
  • The bank expects to launch wealth management services from GIFT City over the next few months.
  • Standard Chartered was the first foreign bank to commence operations at GIFT City in 2020.
  • The bank serves over 600 clients in GIFT City and has financed more than $25 billion across products.
  • The approval will allow the bank to extend its global wealth management capabilities from GIFT City.

View this story in the full daily briefing

Earlier coverage selected by topic similarity to help connect developments over time.

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