2.03: THE RESERVE BANK OF INDIA [RBI]:
The Central Bank of India called the Reserve Bank of India was constituted under the Reserve Bank of India Act, 1934 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 India to its advantage.
Amongst its multifarious functions affecting the Indian Financial System, the RBI regulates and prohibits the issue of prospectus or advertisement soliciting deposits of money, regulates the functioning of non-banking institutions and transacts Government business. Its regulatory involvement in the Indian Capital Markets is primarily of debt management through primary dealers, foreign exchange control and liquidity support to market participants. The RBI regulates participants in the securities markets when a foreign transaction is involved. Transactions which include Indian issuers issuing of security outside India, such as GDRs and ADRs, and Financial Institutional Investors (FIIs) or Foreign Brokers selling, buying or dealing in Indian Securities need the permission of RBI.
| Nature of
the Securities Markets in India| Indian Financial System
|
Securities & Exchange Board of India [SEBI] | Evolution of Stock Exchanges in India |
[BSE] | [OTCEI] | [NSE] | [NSDL] | Overview
of Securities Transactions in India |
Legal Frame Work of the Indian Capital Markets | Expansion of Securities Laws In India |
Present and proposed Governing Securities Laws In
India | Corporate VIAGRA |