Professional Documents
Culture Documents
Juniad Bhai Syed ModassarNazar Syed Sharoz Ali Click to edit Master subtitle style Syed Fahad Alam Tariq ali Talha Yushf Talha Karim Tobin G Thomas
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Regulators in India
The regulators for Indias finance industry are: The Reserve bank of India (RBI) Ministry of Finance / Income Tax Department. Foreign Exchange Dealers Association of India (FEDAI) Deposit Insurance and Credit Guarantee Corporation Fixed Income Money Market and Derivatives Association Click to edit Master subtitle style of India (FIMMDA) Clearing Corporation of India Ltd. (CCIL)
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International regulators
World Bank WTO - World Trade Organization BID - Banco Interamericano de Desarollo BIS - Bank for International Settlements COSRA - Council of Securities Regulators of the Americas FASB - Financial Accounting
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Role -
The principal function of the RBI is, "...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."
Formulates, implements and monitors Indias monetary policy. Prescribes broad parameters for the functioning of Indias banking operations. Manages the Foreign Exchange Management Act, 1999.
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Department of Banking Operations and Development: Responsible for prudential regulations relating to capital adequacy, income recognition, asset classification, provisioning for loan and other losses, investment valuation, accounting and disclosure standards, asset-liability management and risk management systems. Also responsible for licensing new banks, 3/11/12 expansion of foreign and domestic banks,
The Ministry of Finance and Income Tax Department deal with matters involving government revenue and its collection and remittance to the Government. They also scrutinise high-value dealings as part of antimoney-laundering measures. Indian banks are provided with software for the collection and remittance of government revenue. 3/11/12
The FEDAI was set up in 1958 as a self-regulatory association of banks dealing in foreign exchange in India (typically called Authorised Dealers ADs). It was incorporated under Section 25 of The Companies Act, 1956. Its major activities include regulating the inter-bank foreign exchange business, and liaising with the RBI for reforms and development 3/11/12 of the forex market.
The preamble of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 states that it is an Act to establish a corporation for insuring deposits and guaranteeing credit facilities, and for other associated matters.
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FIMMDA is an association of commercial banks, financial institutions and primary dealers. it was incorporated as a Company under section 25 of the Companies Act,1956 on June 3rd, 1998. FIMMDA is a voluntary market body for the bond, money and derivatives markets.
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CCIL was set up in April, 2001 to provide exclusive clearing and settlement for transactions in money, government securities and foreign exchange. The prime objective has been to improve the transaction settlement process, insulate the financial system from operational shocks, and to undertake other related activities that would help 3/11/12 broaden and deepen Indias money,
Those who control and monetary the policy , investment , foreign currency, lack money , Leader scam (Madu korda) kushwaha scam , chara scam ,
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Who are investors , where are they invest , favorite investing area , how much they invest , for research , product development, man power , for retail sector, where the need for investing
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Tatas , Birlas , Ambani brothers , Sahara, kotak mahindra , Azim premji, Who are the corporate raiders why they only , why not we , why not you , Is there any need for specialists for a raiders
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THANK YOU
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