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HDFC Bank Limited Receives IFSCA Certificate for Bullion Trading

HDFC Bank Limited has announced its successful registration on the India International Bullion Exchange IFSC Limited in GIFT-IFSC as a Bullion Trading cum Clearing Member. This significant achievement was confirmed with the receipt of a certificate from the International Financial Services Centres Authority (IFSCA) on July 25, 2024.

HDFC Bank's New Milestone

Certification by IFSCA

HDFC Bank Limited, one of India’s leading financial institutions, has received a certificate from the International Financial Services Centres Authority (IFSCA) for its successful registration on the India International Bullion Exchange IFSC Limited. This certification marks the bank's entry into bullion trading and clearing, enhancing its financial services portfolio.

Details of the Certification

  • Date of Certification: July 25, 2024
  • Certifying Authority: International Financial Services Centres Authority (IFSCA)
  • Registration: India International Bullion Exchange IFSC Limited, GIFT-IFSC
  • Membership Role: Bullion Trading cum Clearing Member

Compliance and Notification

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HDFC Bank has duly informed the stock exchanges and requested the dissemination of this information to all concerned stakeholders.

Company Communication

HDFC Bank has officially communicated this update to BSE Limited and the National Stock Exchange of India Limited. The announcement was made by Ajay Agarwal, the Company Secretary of HDFC Bank Limited.

Key Points:

  • Certification Received Date: 25th July 2024
  • Registration Platform: India International Bullion Exchange IFSC Limited
  • Role: Bullion Trading cum Clearing Member
  • Regulatory Compliance: SEBI Listing Regulations, Regulation 30

External Links:

For further details, visit the official HDFC Bank website.

Conclusion: HDFC Bank Limited’s successful registration on the India International Bullion Exchange IFSC Limited as a Bullion Trading cum Clearing Member signifies a pivotal enhancement to its service offerings. Shareholders and stakeholders are advised to stay informed about such developments for a comprehensive understanding of the bank's strategic initiatives.

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