IFSCA Initiates 'One KYC' Single-Registration Framework for GIFT IFSC
Customers will complete their Know Your Customer (KYC) verification only once and can use those records across multiple financial entities within the jurisdiction.
From September 1, 2026, all new customers at GIFT IFSC must be onboarded using the KYC Registration Agencies (KRA) framework.
By October 30, 2026, KYC details for all active existing customers must be safely uploaded onto the KRA platform.
Key Facts / Static GK
IFSCA was established in April 2020 under the International Financial Services Centres Authority Act, 2019.
Practice Quiz — 2 July 2026
Q1. Who has recently assumed charge as the Chairman and Managing Director (CMD) of Hindustan Copper Limited (HCL)?
Q2. The Appointments Committee of the Cabinet (ACC) has approved a one-year tenure extension for which of the following Foreign Secretaries of India?
Q3. Ravi Shankar has been appointed as the Executive Director (ED) of which organization, where he will oversee the Department of Statistics and Information Management (DSIM)?
Q4. Consider the following statements regarding the newly launched Viksit Bharat-Guarantee for Rozgar and Aajeevika Mission (Gramin) [VB-G RAM G] Act, 2025: (1) It replaces the MGNREGA Act, 2005. (2) It guarantees 125 days of wage employment annually per eligible rural household. (3) The Central Government has set the national floor wage under this scheme at 350 rupees per day. Which of the statements given above are correct?
Q5. What was India's gross Goods and Services Tax (GST) revenue collection for the month of June 2026?
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