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Maharashtra Govt. constitutes a task force for setting up an IFSC in Mumbai

  task force

The Maharashtra government has constituted a task force under Union Minister of State for Finance Jayant Sinha for setting up an International Financial Service Centre (IFSC) in Mumbai.Mumbai has all the required credentials to become a global financial hub. In order to ensure timely completion of this important initiative, the state government has set up a task force with key members from state and central government, a government release said.The heads of a public sector and a private sector bank, a representative from the Reserve Bank of India (RBI), an expert on capital markets, a foreign regulator, an urban planner among others will be invitees to help the task force in its endeavour to develop the IFSC.