Imp
Name | Year Of establishment | Securities and Stock Market | Functions |
---|---|---|---|
RBI (National Bank for Agricultural and Rural Development) | 1935 | Banking, Finance, and Monetary policy | 1) Regulating and supervising the banking system
2) Issuing and managing the Indian rupee 3) Formulating monetary policies 4) Ensuring financial stability 5) Overseeing payment and settlement systems... |
SEBI(Securities and Exchange Board of India) | 1988 | Securities and stock market | 1) Regulating and overseeing the securities market
2) Protecting the interests of investors 3) Promoting the development of the securities market 4) Regulating intermediaries in the securities market 5) Preventing fraudulent and unfair trade practices.. |
Insurance Regulatory and Development Authority of India (IRDAI). | 1999 | Insurance | 1) Regulating and supervising the insurance industry
2) Issuing licenses to insurance companies 3) Protecting policyholders’ interests 4) Promoting insurance penetration and growth 5) Regulating insurance products and pricing.. |
SIDBI (Small Industries Development Bank of India) | 1990 | Financing small, medium, or microscale industries | To provide a loan or financial aid to small and micro industries in India for their development. |
NHB (National Housing Bank ) | 1988 | Housing finances | 1) Promoting and regulating the housing finance sector
2) Providing financial assistance to housing finance institutions. |
Ministry of Corporate Affairs (MCA). | -- | Corporate Affairs | 1) Regulating and administering corporate affairs in India
2) Overseeing company registration and compliance 3) Ensuring corporate governance 4) Investigating corporate fraud and misconduct. |
National Bank for Agriculture and Rural Development (NABARD). | 1982 | Financing of rural development | 1) Promoting and developing agriculture and rural sectors
2) Providing refinancing facilities to banks for agriculture and rural development 3) Supervising and regulating Cooperative Banks... |
Pension Fund Regulatory and Development Authority (PFRDA). | 2003 | Pension Funds | 1) Regulating and overseeing the pension sector
2) Developing and promoting pension schemes 3) Registering and regulating pension funds and intermediaries... Read more at: https://www.studyiq.com/articles/financial-regulatory-bodies-in-india/ |