The financial world buzzed with excitement as NSE International Exchange (NSE IX), fully owned by NSE, forged a strategic MoU with FIDC on Wednesday. Centered in New Delhi, this initiative targets empowering NBFCs with innovative capital-raising mechanisms in GIFT IFSC.
FIDC, the dedicated self-regulator for NBFCs, ensures industry progress and vigilance. The agreement paves the way for NBFCs to harness NSE IX’s platform for effortless fund procurement, listing of debt instruments, and a suite of financial innovations—all from GIFT City’s international exchange powerhouse.
Key objectives include amplifying access to contemporary debt-equity solutions for sustained funding. V. Balasubramaniam, NSE IX’s MD & CEO, remarked that partnering with FIDC will pioneer fundraising routes, delivering capital, liquidity, and scalability through synergistic networks.
Echoing the sentiment, FIDC’s Chairman Mahesh Thakkar called it a historic milestone, granting NBFCs autonomy in capital sourcing, currency choices, instruments, and future planning—crucial for global ambitions. Benefits encompass forex debt, international bonds, structured products, worldwide investors, and hybrid equity avenues.
Thakkar poignantly stated, ‘Continuous funding demands are met here; capital is trust incarnate.’
Since its inception on June 5, 2017, in GIFT City under IFSCA nod, NSE IX has captured 99.7%+ market dominance. It caters to derivatives in Indian stocks, indices, forex, DRs, global shares, plus primaries like equities, SPACs, real estate trusts, infra trusts, debts, and ESG bonds.
As this collaboration unfolds, NBFCs are poised for exponential growth, reinforcing India’s thrust towards a world-class IFSC while mitigating traditional funding hurdles.