by There are several regulatory bodies in India that oversee the financial and investment markets. These regulatory bodies work to maintain stability in the financial sector, protect the interests of investors, and ensure compliance with regulatory guidelines.
These regulatory bodies play a crucial role in maintaining stability in the financial sector, protecting the interests of investors, and ensuring compliance with regulatory guidelines. They work towards creating a transparent and efficient financial system that promotes economic growth and development in India.
Regulatory bodies in India:
- Securities and Exchange Board of India (SEBI): SEBI is the primary regulatory body for the securities market in India. It regulates and supervises the activities of stock exchanges, brokers, and other market intermediaries. SEBI is responsible for enforcing regulations to protect the interests of investors and maintain market integrity.
- Reserve Bank of India (RBI): The RBI is the central bank of India and is responsible for regulating and supervising the banking sector in India. It formulates monetary policy, manages the country’s foreign exchange reserves, and regulates the activities of banks and other financial institutions.
- Insurance Regulatory and Development Authority of India (IRDAI): The IRDAI regulates and supervises the insurance industry in India. It is responsible for ensuring that insurance companies comply with regulatory guidelines and provide fair and transparent services to policyholders.
- Pension Fund Regulatory and Development Authority (PFRDA): The PFRDA is responsible for regulating and developing the pension sector in India. It oversees the activities of pension funds and schemes and promotes the creation of new pension products and services.
- Forward Markets Commission (FMC): The FMC was responsible for regulating the commodity futures market in India. However, in 2015, it was merged with SEBI to create a single regulatory body for the securities and commodity markets.
- National Housing Bank (NHB): The NHB is responsible for regulating and supervising the housing finance sector in India. It ensures that housing finance companies comply with regulatory guidelines and provides support for the development of the housing sector in India.
