Banking Awareness Study Material
Financial Regulatory Authorities in India
The following are the Regulatory Authorities in India, which regulate, supervise and control various financial institutions :
- Reserve Bank of India (RBI) :Commercial Banks - both Indian and Foreign, Regional Rural Banks, State Cooperative Banks fall within supervisory purview of RBI. In addition, the financial institutions and non-banking companies are also regulated by it. Reserve Bank of India is the sole authority in respect of all transactions in the money market and foreign exchange market.
- Securities and Exchange Board of India (SEBI) :SEBI is the principal regulator in the capital market in India - both the primary and secondary segments. It has been also conferred the powers to regulate the Mutual Funds and Venture Capital Funds in India.
- Insurance Regulatory and Development Authority (IRDA) :Established in 1990, IRDA with its headquarters at Hyderabad is the regulatory authority for all insurance companies in India including the Life Insurance Corporation of India.
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