SEBI — formation of SEBI Board, role of SEBI (Banking Companies and NBFC's)

Your uncle deposits money in a bank and the Reserve Bank keeps an eye on that bank. The same uncle buys shares in a new public issue through an app, and suddenly a different regulator is in charge. Why does India have one regulator for the bank and another for the share market, and what happens when a bank or a finance company walks into the share market itself? That question is the whole topic: SEBI, how its Board is formed, and where it meets banks and NBFCs.

In two minutes

SEBI is the statutory regulator of India's securities market, set up by the Securities and Exchange Board of India Act 1992; it regulates banks and NBFCs only in their capital-market activities, while the RBI remains their banking and credit regulator.

The rest of this chapter

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