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National Housing Bank (NHB), is a regulatory body for overall regulation and licensing of housing finance companies in India. It is under the jurisdiction of Ministry of Finance, Government of India. [2] [3] It was set up on 9 July 1988 under the National Housing Bank Act, 1987. NHB states it has been established with an objective to operate as ...
RBI – Reserve Bank of India. 1.2 2. SEBI – Securities and Exchange Board of India ... NHB - National Housing Bank. 1.8 8. TRAI – Telecom Regulatory Authority of ...
2021: The Securities and Exchange Board of India (SEBI) introduces a new framework for investment advisors to strengthen their role as fiduciaries to their clients. The Reserve Bank of India (RBI) sets up a committee to review the functioning of asset reconstruction companies (ARCs) and recommend measures to improve their effectiveness. [41]
The Banking Codes and Standards Board of India (BCSBI) [1] is an independent banking industry watchdog that protects consumers of banking services in India.The board oversee compliance with the "Code of Bank's Commitment to Customers".
The Banking Regulation Act, 1949 is a legislation in India that regulates all banking companies in India. [1] Passed as the Banking Companies Act 1949, it came into force on 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966. It is applicable in Jammu and Kashmir from 1956.
The National Bank for Agriculture and Rural Development (NABARD) is an All India Development Financial Institution (DFI) [4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India. [5]
In 1998, RBI Governor Bimal Jalan informed the banks that the RBI had a three to four-year perspective on the implementation of the committee's recommendations. [27] Based on the other recommendations of the committee, the concept of a universal bank was discussed by the RBI and finally ICICI bank became the first universal bank of India.
Arguably the most important requirement in bank regulation that supervisors must enforce is maintaining capital requirements. [4] As banking regulation focusing on key factors in the financial markets, it forms one of the three components of financial law, the other two being case law and self-regulating market practices. [5]