Regulatory Bodies

RBI as an apex monetary institution:

Funded in April, 1935 in Kolkata, the Reserve Bank of India (RBI) was shifted to Mumbai in 1937. It had undergone nationalization in 1949, and is currently administered by the Government of India.

It functions through 19 regional offices, majorly situated in state capitals, and 9 other sub-offices. Its major function is to issue the Indian currency and control the flow and liquidity of money in the market. It regulates the banking sector and financial structure of India while incorporating relevant guidelines and regulations.

SEBI as a regulatory body for the securities market:

Securities Exchange Board of India (SEBI) came into inception in the year 1988 and received legal eminence in the year 1992. It works towards regulating the functions and operations of securities market to take care of and curb, malpractices while safeguarding the investors from frauds and unlawful setbacks. It has its headquarters in Mumbai, along with the regional offices located in New Delhi, Kolkata, Chennai and Ahmedabad.

Insurance Regulatory and Development Authority of India (IRDAI)

IRDAI is a self-governing apex authority which regulates and develops the insurance industry in India. It was founded in the year 1999 via an act passed in the Indian Parliament. It has its headquarters in Hyderabad, Telangana. It controls and promotes insurance related trade and commerce in India.

Forward Market Commission of India (FMC)

Situated in Mumbai and established in 1953, the FMC is a regulatory body administered by the Ministry of Finance, Government of India. It is a statutory authority as per the Forward Contracts (Regulation) Act, 1952. The commission facilitates with commodity trading through 22 exchanges in India. It is now merged with SEBI.