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Showing posts with label What are Funcations of RBI. Show all posts
Showing posts with label What are Funcations of RBI. Show all posts

Tuesday, January 20, 2015

What are Funcations of RBI, IRDA and SEBI



RBI, SEBI and IRDA

Functions of RBI:- A. The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years.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.” Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.Banker to banks: maintains banking accounts of all scheduled banks


SEBI–SECURITIES AND EXCHANGE BOARD OF INDIA:- SEBI is a capital market regulator means all the capital transactions are goverened by sebi its major functions are, protecting the interest of investor in securities market, promoting development of securities market, regulating the securities market……


IRDA—INSURANCE REGULATORY DEVELOPMENT AUTHORITY:- IRDA is the regulatory authority of insurance business its functions are protectinginterest of policy holders,specifing proper training,qualification etc to insurance people, levying fees ,commision etc for conducting insurance business, specifing the manner in which insurance company maintain their books of accounts, specifing margin of solvency, specifing general and life insurance business which company can take.


 

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An aptitude is a component of a competency to do a certain kind of work at a certain level, which can also be considered "talent". Aptitudes may be physical or mental. Aptitude is not knowledge, understanding, learned or acquired abilities (skills) or attitude. The innate nature of aptitude is in contrast to achievement, which represents knowledge or ability that is gained.

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