GK

Financial Institutions in India are divided in two categories. The first type refers to the regulatory institutions and the second type refers to the intermediaries. The regulators are assigned with the job of governing all the divisions of the Indian financial system. These regulatory institutions are responsible for maintaining the transparency and the national interest in the operations of the institutions under their supervision. The regulatory bodies of the financial institutions in India are as follows: 1-Reserve Bank of India (RBI)The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank …

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