Banking financial institutions regulatory framework from "summary" of Indian Economy: Performance and Policies by Uma Kapila
The regulatory framework for banking financial institutions in India is vital for maintaining stability in the financial system. The framework consists of various rules, regulations, and guidelines that govern the functioning of banks and other financial institutions. It aims to ensure the proper functioning of these institutions and protect the interests of depositors and other stakeholders. The Reserve Bank of India (RBI) plays a central role in formulating and implementing the regulatory framework for banking financial institutions. It is the primary regulator of banks in India and is responsible for overseeing their operations and ensuring compliance with regulatory requirements. The RBI issues guidelines on various aspects of banking operations, such as capital adequacy, risk management, and corporate governance. Apart from the RBI, other regulatory bodies, such as the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and D...
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