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Top 26 Regulatory Bodies in India: Sector, Head, Headquarter & Funded Date

Regulatory Bodies in India

Regulatory bodies in India are a public organization or government agency that is set up to exercise a regulatory function. This involves imposing requirements, conditions or restrictions, setting the standard for activities, and enforcing in these areas or obtaining compliance.

Regulatory Bodies in India
Regulatory Bodies Role & functions

List of Regulatory Bodies in India

Regulatory Bodies in IndiaSectorHeadHeadquartersFounded
Reserve Bank of India (RBI)Banking & Finance, Monetary PolicyGovernor – Shaktikanta DasMumbai1935
Securities and Exchange Board of India (SEBI)Securities (Stock) & Capital MarketChairman – Ajay TyagiMumbai1992
Insurance Regulatory and Development Authority (IRDAI)InsuranceChairman – Subhash Chandra KhuntiaHyderabad1999
Pension Fund Regulatory & Development Authority (PFRDA)PensionChairman – Hemant G ContractorNew Delhi2003
National Bank for Agriculture and Rural Development (NABARD)Financing Rural DevelopmentChairman – Harsh Kumar BhanwalaMumbai1982
Small Industries Development Bank of India (SIDBI)Financing Micro, Small and Medium-Scale EnterprisesChairman – Mohammad MustafaLucknow1990
National Housing Bank (NHB)Financing HousingMD & CEO – Sarada Kumar HotaNew Delhi1988
Telecom Regulatory Authority of India (TRAI)Telecommunication & TariffsChairman – Ram Sewak SharmaNew Delhi1997
Central Board of Film Certification (CBFC)Film/TV Certification & CensorshipChairman – Prasoon JoshiMumbai1951
Financial Stability and Development Council (FSDC)Financial Sector DevelopmentChairman (Finance Minister, GOI) – Nirmala SitharamanNew Delhi2017
Food Safety and Standards Authority of India (FSSAI)FoodChairman – Rita TeotiaNew Delhi2011
Bureau of Indian Standards (BIS)Standards & CertificationDirector General – Surina RajanNew Delhi1986
Advertising Standards Council of India (ASCI)AdvertisingChairman – D. ShivakumarMumbai1985
Board of Control for Cricket in India (BCCI)CricketPresident – C K Khanna Secretary – Amitabh ChaudharyMumbai1928
Association of Mutual Funds (AMFI)Mutual FundsC. V. R. RajendranMumbai1955
Engineering Export Promotional Council of India (EEPC)Trade and InvestmentChairman – Ravi Sehgal Vice Chairman – Arun Kumar GarodiaKolkata1955
Express Industry Council of India (EICI)TradeChairman – R. S. SubramanianMumbai1997
Federation of Indian Export Organisation (FIEO)ExportGanesh Kumar GuptaMumbai1965
Indian National Shipowners’ Association (INSA)ShippingPresident – Capt. Anoop Kumar SharmaMumbai1929
India Chemical Council (ICC)ManufacturingVijay SankarMumbai1938
Indian Stainless Steel Development Association (ISSDA)Growth and DevelopmentMr. K.K. PahujaHaryana1989
National Association of Software and Service Companies (NASSCOM)ITDebjani GhoshNoida, UP1988
Manufacturers’ Association for Information Technology (MAIT)ITNitin KunkolienkerNew Delhi1951
Organisation Of Plastic Processors of India (OPPI)ManufacturingPresident – Dharmendra Gandhi Vice President – Mahendra SanghviMumbai1984
Project Exports Promotion Council of India (PEPC)TradeChairman – Shri Alok GargNew Delhi1984
Telecom Equipment Manufacturer Association of India (TEMA)TelecomPresident – Prof. GoyalNew Delhi1990

Regulatory Bodies in India

Functions of RBI:

1. Issue of Notes —The Reserve Bank has a monopoly for printing the currency notes in the country. It has the sole right to issue currency notes of various denominations except one rupee note (which is issued by the Ministry of Finance).

2. Banker to the Government–The second important function of the Reserve Bank is to act as the Banker, Agent and Adviser to the Government of India and states. It performs all the banking functions of the State and Central Government and it also tenders useful advice to the government on matters related to economic and monetary policy. It also manages the public debt of the government.

3. Banker’s Bank:- The Reserve Bank performs the same functions for the other commercial banks as the other banks ordinarily perform for their customers. RBI lends money to all the commercial banks of the country.  

4. Controller of the Credit:- The RBI undertakes the responsibility of controlling credit created by commercial banks. RBI uses two methods to control the extra flow of money in the economy. These methods are quantitative and qualitative techniques to control and regulate the credit flow in the country.  When RBI observes that the economy has sufficient money supply and it may cause an inflationary situation in the country then it squeezes the money supply through its tight monetary policy and vice versa.

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