Research Article | Open Access
A STUDY ON RECENT DEVELOPMENT OF INDIAN FINANCIAL SYSTEM
P.V. Prasanth, Dr.P.Ganapathy
Pages: 6404-6409
Abstract
The banking, insurance, capital markets, opposition, and various service sectors of India's financial system are all governed by self-governing regulators. Government acts as a controller in a number of industries. The Indian government's ministry of finance is responsible for the country's financial sector. Securities, supplies, and fungible goods are traded on financial markets at prices that reflect supply and demand. India's central bank, the Reserve Bank of India (RBI), was founded in 1935. The RBI sets exchange control standards, creates monetary policy, and regulates the banking and financial sectors.
Keywords
Life Insurance Corporation, Commercial banks, Reserve Bank of India, Non-banking Financial Organizations.