FINANCIAL REGULATORS

Reserve Bank of India (RBI)

Established on	1st April 1935
Nationalised on	1st January 1949
Headquartered at	Mumbai
Recommended by by	Hilton-Young commission (1926)
RBI Act was passed in	1934
Logo consists of	Tiger and palm tree

• RBI is India's Central banking institution, which controls the monetary policy

• RBI is entrusted with the 21 member strong Central board of directors

Subsidiaries of RBI

Name of subsidiary	Year	Headquarter
National housing Bank (NHB)	1988	New Delhi
Deposit insurance and credit guarantee corporation (DICGC)	1978	Mumbai (Maharashtra)
Bharatiya Reserve Bank Note mudran Private limited (BRBNMPL)	1995	Bengaluru (Karnataka)

Main activities of RBI

• Monetary authority

• Issuer of currency

• Banker and debt manager to government

• Banker to banks

• Regulator of the banking system

• Manager of foreign exchange

• Maintaining financial stability

• Regulator and supervisor of the payment and settlement system

Security and exchange board of India SEBI

Established on	12th April 1988
Headquartered at	Mumbai
SEBI Act was passed in	1992

• SEBI established for dealing with all matters relating to development and regulation of securities market and investor protection

• SEBI was given statutory status and powers through an ordinance on 30th January 1992

• First SEBI chairman: Mr S.A. Dave

Functions of SEBI

• To safeguard the interest of the investors and to regulate capital market with suitable measures

• To regulate the business of stock exchanges and other securities market

• To register and regulate collective investment plans of mutual funds

• To encourage self regulatory organizations

• To eliminate Malpractices of securities market

• To check insider trading of securities

• To supervise the working of various organisations trading in security market and also to ensure systematic dealing

Insurance regulatory and Development authority of India IRDAI

Established on	19th April 2000
IRDA Act was passed in	1999
Headquartered at	Hyderabad
Recommended by	R N. Malhotra Committee (1993)

• Irdai was established to safeguard the interest of the policy holders of Insurance sector

• April 19th observed as insurance awareness day in India

• First IRDA chairman Shri N. Rangachari

Functions of IRDA

The IRDA ensures and safeguards the interest of policy holders through various ways such as

• Settlement of insurance claims

• Nomination by policyholders

• Practical training for insurance agents

• Promotion of self regulation within the incident sector

Pension Fund regulatory and Development authority (PFRDA)

Established on	23rd August 2003
PFRDA Act was passed in	2013
Headquartered at	New Delhi

• Pfrda promotes old age income security by establishing, developing and regulating pension funds and protection the interest of subscribers to schemes of pension funds and related matters

• First chairman of PFRDA: Shri. dhirendra Swaroop