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June 6th, 2016, 10:31 AM
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RBI And SEBI Vs Irda
Hello buddy I want to know the Functions of RBI, IRDA and SEBI so will you please tell me the same ?? As you want to know the Functions of RBI, IRDA and SEBI Here is given below: RBI, SEBI and IRDA Functions of RBI:- . The Reserve Bank of India is the central bank of India, was founded on April 1, 1935 in agreement 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 steadiness in India and generally to operate the currency and credit system of the country to its advantage.” Banker to the Government: performs commercial 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–Securities And Exchange Board Of India:- SEBI is a assets 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, and 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. Last edited by Neelurk; May 20th, 2020 at 06:08 PM. |