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RBI – Reserve Bank of India. 1.2 2. SEBI – Securities and Exchange Board of India. 1.3 3. IRDAI – Insurance Regulatory and Development Authority of India. 1.4 4 ...
The Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market.Before it came into existence, the Controller of Capital Issues was the market's regulatory authority, and derived power from the Capital Issues (Control) Act, 1947. [6]
The Reserve Bank of India (abbreviated as RBI) is India central bank and regulatory body responsible for regulation of the Indian banking system. Owned by the Ministry of Finance of the Government of the Republic of India, it is responsible for the control, issue and maintaining supply of the Indian rupee.
The history of financial regulation in India can be traced back to the early 19th century when the British East India Company established the Bank of Bengal [2] [3] [4] in 1806. Over time, other banks were established, including the Bank of Bombay in 1840 and the Bank of Madras in 1843, which collectively came to be known as the Presidency Banks.
The Ministry of Finance (IAST: Vitta Maṃtrālaya) is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India.In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget.
NABARD Grade A Examination: This exam is conducted by the bank almost every year to recruit Grade-A Officers (Assistant Managers in Group 'A') for its Rural Development Banking Services (RDBS) and Rajbhasha Services. [36] NABARD Grade-B Examination: This exam is conducted to recruit Grade-B Officers (Managers in Group 'A'). However, its ...
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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 ...