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SEBI has to be responsive to the needs of three groups, which constitute the market: issuers of securities; investors; market intermediaries; SEBI has three powers rolled into one body: quasi-legislative, quasi-judicial and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in ...
The Securities and Exchange Board of India is the sole regulator of the Indian Securities Market. Its Preamble describes its basic function as "...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incid thereto" [2]
The RBI is responsible for issuing banking licenses in India, and banks are classified into different categories based on their ownership, size, and type of operations. Scheduled banks are those that are included in the Second Schedule of the RBI Act and are eligible for certain privileges such as borrowing from the RBI.
RBI also works to prevent counterfeiting of currency by regularly upgrading security features of currency. The RBI is authorised to issue notes with face values of up to ₹ 10,000 and coins up to ₹ 1,000 rupees. New ₹ 500 and ₹ 2,000 notes were issued on 8 November 2016.
NABARD Development Assistant / Development Assistant (Hindi) Examination: This exam is conducted to recruit Development Assistant ( DA in Group 'B'). Unlike, the Grade-A and Grade-B Examinations, this exam is meant to induct the clerical staff in NABARD which plays an imminent role in fulfilling aims of the orgranisation.
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All India Financial Institutions (AIFI) is a group composed of financial regulatory bodies that play a pivotal role in the financial markets.Also known as "financial instruments", the financial institutions assist in the proper allocation of resources, sourcing from businesses that have a surplus and distributing to others who have deficits - this also assists with ensuring the continued ...
The Consumer Financial Protection Bureau (CFPB) on Wednesday warned that credit card companies devaluing or canceling reward points, cash back or miles rewards programs may be breaking the law.