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The IFSCA has signed an MoU with Venture Capital pioneer GVFL Limited to support and facilitate FinTech ecosystem in GIFT IFSC. The Ahmedabad-based GVFL Limited is promoted by which body?
A)
IMF
B)
World Bank
C)
World Economic Forum
D)
Bill and Melinda Gates Foundation

Correct Answer :   World Bank


The International Financial Services Centres Authority (IFSCA) and GVFL Limited signed a Memorandum of Understanding (MoU) at Gift City on April 07, 2022 for co-operation and collaboration to support and facilitate FinTech ecosystem in GIFT IFSC.

GVFL Limited is pioneer of Venture Capital in India, managed by an independent and autonomous Board. The company was set up in 1990 and is based in Ahmedabad, Gujarat. It is promoted by World Bank and Government of Gujarat.

Published On : April 10, 2022
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