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Saturday, December 31, 2016

Regulatory Agencies In India And Their Functions

The following is a list of regulatory agencies operational in India and their functions:

Security Market: 
Regulator: Securities and Exchange Board of India

To protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto.

Insurance Industry: 
Regulator: Insurance Regulatory and Development Authority

To protect the interests of holders of insurance policies, to regulate, promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto.

Banking Industry: 
Regulator: Reserve Bank Of India

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.

Telecom Industry: 
Regulator: Telecom Regulatory Authority of India

To regulate the telecommunication services and to protect the interests of service providers and consumers of the telecom sector, to promote and ensure orderly growth of the telecom sector.

Pension Sector: 
Regulator: The Pension Fund Regulatory and Development Authority (PFRDA)

To promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds and for matters connected therewith or incidental thereto.

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