Explain the regulatory framework of financial services in india
Answers
Explanation:
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system. This may be handled by either a government or non-government organization. Financial regulation has also influenced the structure of banking sectors by increasing the variety of financial products available. Financial regulation forms one of three legal categories which constitutes the content of financial law, the other two being market practices, case law.
Regulatory framework of financial services in India
Explanation:
In the the financial services are regulated by two agencies RBI and SEBI
RBI( Reserve bank of India) - it is the apex financial institution which regulates the entire banking system of the country . RBI has the sole authority in issuance of currency notes in the country, formulates monetary policy, controls foreign exchange etc. In short it regulates the entire banking system.
SEBI( Security exchange board of India) - SEBI was established in 1988 to regulate the security market of our country, which is an essential component of financial services. It is responsible for serving the needs of investors, security market intermediary and issuance of various security.
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Regulatory framework of financial services in India
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