Functions of RBI:- A. The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years.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.” Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.Banker to banks: maintains banking accounts of all scheduled banks
SEBI–SECURITIESAND EXCHANGE BOARD OF INDIA:- SEBI is a capital market regulator means all the capital transactions are governed by sebi its major functions are, protecting the interest of investor in securities market, promoting development of securities market, regulating the securities market……
IRDA—INSURANCE REGULATORY DEVELOPMENT AUTHORITY:- IRDA is the regulatory authority of insurance business its functions are protecting interest of policy holders,specifying proper training,qualification etc to insurance people, levying fees ,commission etc for conducting insurance business, specifying the manner in which insurance company maintain their books of accounts, specifying margin of solvency, specifying general and life insurance business which company can take.
Courtesy-www.iaspapper.org.in
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