REGULATORS OF INDIAN

FINANCIAL SYSYTEM

Submitted by:Vaibhav Mehta

Dhara Vora
Prasad Halde
Harsheel Rathod

PG-14-B- 93
PG-14-B- 119
PG-14-B- 76
PG-14-B- 102

RBI
Apex monetary institution of india.
Also called as the central bank of the country.

Established on april 1, 1935

Though originally privately owned, since
nationalization in 1949, the reserve bank is fully
owned by the government of india.

Preamble of the reserve bank of india is as follows:

"...To regulate the issue of bank notes and keeping of

reserves with a view to securing monetary stability in

india and generally to operate the currency and credit
system of the country to its advantage."

Role of RBI in Fixed income

markets

Market operations: Open Market Operations

Liquidity Adjustment Facility Auctions
Market Stabilization Scheme

Role of RBI in Banking

System

The issuer of monetary policy

The issuer of currency
The controller and supervisor of
banking systems
Foreign exchange control

SEBI
First established in the year 1988 as a non-statutory body
for regulating the securities market.
Became an autonomous body in 1992
More powers were given through an ordinance.
Regulates the market through its independent powers.

Power to make rules for controlling stock exchange

To provide license to dealers and brokers
To stop fraud in Capital Market
To Control the Merger, Acquisition and Takeover the
companies
To audit the performance of stock market
To make new rules on carry - forward transactions
Introduction of derivative contracts on Volatility Index
To require report of Portfolio Management Activities
To educate the investors

Forward Market Commission

(FMC)
FUNCTIONS OF FMC IN COMMODITY MARKET
To advise the central government in respect of issues
arising out of the administration of the Forward Contracts
(Regulation) Act 1952.
To keep forward markets under observation and to take
such action in relation to them.
To collect and to publish information regarding the trading
conditions in respect of goods, including information
regarding supply, demand and prices, and to submit to the
central government, periodical reports on the working of
forward markets relating to such goods.
To make recommendations to improve the organization
and working of forward markets
To undertake the inspection of accounts and other
documents of any recognized association.

IRDA

Established in 1999 as an autonomous body

The Insurance Regulatory and Development Authority is an agency of the
Government of India, formed to supervise the countrys insurance sector.
The core mission of IRDA is to protect the interest of policyholders.
To regulate, promote and ensure orderly growth of the insurance industry and for
matters connected therewith. IRDA issues a certificate of registration, renewal,
modification, withdrawal, suspension or cancellation to an applicant
IRDA specifies the code of conduct and practical training for insurance
intermediaries and agents.
Promotes efficiency and regulates professional organizations connected with the
insurance business, investment of funds by insurance companies
IRDA specifies the percentage of life insurance business and general insurance
business to be undertaken by the insurer in the rural or social sector
The authority comprises a ten-member team a chairman, five fulltime members
and four part-time members, all appointed by the Government of India.

Pension Fund Regulatory &

Development Authority
Pensionregulatory authority established byGovernment of
Indiaon August 23, 2003
FUNCTIONS OF PFRDA
Regulating the NPS (National Pension System)
Educating the subscribers and the general public on
issues relating to pension, and training of intermediaries
Adjudicating disputes between intermediaries as well as
between intermediaries and subscribers
Establishing mechanisms for grievance redressal of the
subscribers.

THANK
YOU