2.01: The Ministry of Finance of the Government of India has three departments:
                (a) Department of Economics Affairs
                (b) Department of Revenue and
                (c) Department of Expenditure

Capital markets and securities transactions are regulated by the Capital Markets division of the Department of Economic Affairs.

  2.02: The Indian Financial system is regulated and supervised by two government agencies under the Ministry of Finance - They are:
               (a) The Reserve Bank of India [RBI] and
               (b) The Securities Exchange Board of India [SEBI]

All parts of the financial system are interconnected with one another and the jurisdictions of the RBI and the SEBI overlap in many fields. The attached diagram will provide an overview of the Indian Financial System. Click for diagram