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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]
For a smooth transition to IFRS, ICAI has taken up the matter of convergence with the National Advisory Committee on Accounting Standards and various regulators such as the RBI, SEBI and IRDA, CBDT. IASB, the issuer of IFRS, is also supporting the ICAI in its endeavors towards convergence. ICAI has revised/formulated Ind AS on the basis of the ...
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. The old series of ₹ 1,000 and ₹ 500 notes were banned on 8 November 2016, and are no longer in use. Earlier ₹ 1,000 notes have been discarded by the RBI.
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.
From 1992 to 1995 Mehta served as the deputy governor of the Reserve Bank of India (RBI) which is the central bank of India. Still earlier, from 1991 to 1992 he was the director general of Foreign Trade, Government of India, and Ministry of Commerce.
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 ...
[2] [3] Acuité, a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B), Standard Chartered, ICICI and leading public sector banks in India, is registered with SEBI as a credit rating agency. [4] [5] [6]
The Act gives the RBI the power to license banks, have regulation over shareholding and voting rights of shareholders; supervise the appointment of the boards and management; regulate the operations of banks; lay down instructions for audits; control moratorium, mergers and liquidation; issue directives in the interests of public good and on ...