New Delhi witnessed a game-changing development in the financial markets as NSE International Exchange (NSE IX) signed an MoU with the Finance Industry Development Council (FIDC) on Wednesday. This alliance is tailored to revolutionize capital mobilization for Non-Banking Financial Companies (NBFCs) through the sophisticated platform of NSE IX in GIFT IFSC.
As the self-regulatory body for NBFCs, FIDC is committed to sector advancement and regulatory compliance. Under this pact, NBFCs stand to benefit immensely from streamlined fundraising processes. Debt-linked instruments and diverse financial products can now be listed effortlessly on NSE IX, GIFT City’s premier international multi-asset exchange.
The partnership focuses on broadening NBFCs’ access to cutting-edge debt and equity products, fulfilling their extended funding requirements. Speaking on the occasion, NSE IX MD and CEO V. Balasubramaniam stated that the collaboration with FIDC opens novel pathways for NBFCs to secure capital, achieve better liquidity, and drive growth via combined strengths.
FIDC Chairman Mahesh Thakkar described it as a landmark moment, enabling NBFCs to select from a spectrum of capital sources, currencies, instruments, and strategies—especially vital for those aspiring international footprints. Opportunities now include foreign currency loans, global bond issuances, structured debts, global investor outreach, and equity-like options.
‘For NBFCs needing steady funding streams, this is essential. Capital embodies trust beyond mere funds,’ added Thakkar.
NSE IX, launched in GIFT City on June 5, 2017, with IFSCA approval, dominates with over 99.7% market share. Its offerings span derivatives in stocks, indices, currencies, depository receipts, global equities, and primary issuances such as shares, SPACs, REITs, InvITs, debt papers, and green ESG bonds.
This MoU not only fortifies NBFC resilience but also elevates GIFT IFSC’s stature as a global financial hub, promising enhanced liquidity and investor confidence across borders.