On 9 June 2025, Colombo (Sri Lanka) based DFCC Bank PLC became the first foreign corporate entity to list Green Bonds worth Sri Lankan rupee (LKR) 2.5 billion on the National Stock Exchange – International Exchange (NSE IX) at Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC), Gujarat.
- The event was attended by K. Rajaraman, Chairperson of the International Financial Services Centres Authority (IFSCA); V. Balasubramaniam, Managing Director (MD) and Chief Executive Officer (CEO) of NSE IX; and Thimal Perera, CEO, DFCC Bank and Prins Perera, Senior Vice President – Treasury, Investment and Wholesale Banking of DFCC Bank.
Key Details:
i.Bond Purpose: Funds will finance solar energy projects (ground/rooftop installations) in Sri Lanka.
ii.Strategic Alignment: Supports Sri Lanka’s goal of 70% renewable electricity by 2030 and adheres to the Sri Lanka Green Finance Taxonomy (SLGFT) and complies with International Capital Market Association – Green Bond Principles(ICMA GBP).
iii.Regional Finance Bridge: Enhances cross-border sustainable capital flow within Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).
iv.Market Access: This listing enhances DFCC Bank’s global investor reach, following its initial listing on the Colombo Stock Exchange (CSE) and subsequent dual-listing on the Luxembourg Stock Exchange in Europe.
v.Sustainable Development: Advances United Nations (UNs) Sustainable Development Goals (SDGs), notably SDG 7: Affordable and Clean Energy and SDG 13: Climate Action.
About Green Bonds:
i.Green Bonds are debt instruments issued by governments, corporations, financial institutions, or multilateral organizations to raise funds exclusively for environmentally sustainable projects such as renewable energy, clean transport, or climate change mitigation.
ii.They are often certified by third parties to ensure compliance with global standards like the Green Bond Principles (GBP) set by Zürich(Switzerland) based International Capital Market Association (ICMA).
TAMPL Received IFSCA Approval to Operate as Registered FME at GIFT City
In June 2025, Mumbai (Maharashtra) based Tata Asset Management Private Limited (TAMPL), part of the Tata group, received approval from the IFSCA to operate as a Regional Fund Management Entity (FME) (Retail) at GIFT IFSC.
Key Developments:
i.Expand its global footprint by offering a broader range of offshore investment products.
ii.Provide investment services to a diversified set of global clients including foreign nationals, Non-Resident Indians (NRIs), family offices, government entities, and institutional investors.
iii.Facilitate outbound investments by Indian investors under the Liberalised Remittance Scheme (LRS), regulated by the Reserve Bank of India (RBI).
Note:Â LRS by RBI allows resident individuals to remit up to USD 250,000 abroad per financial year for purposes like education, medical treatment, travel, gifts, investments, and emigration.
About Tata Asset Management Private Limited (TAMPL):
Chairman – Rajiv Sabharwal
Headquarters- Mumbai, Maharashtra
Established – 1994
About DFCC Bank PLC:
Chairman – Jegatheesan Durairatnam
Headquarters – Colombo, Sri Lanka
Founded – 1955
