Are you willing to know the detailed information about the Regulations of Money Market in India? Here is the article which gives you clean and clear information about the Regulations of Money Market in India. Money market in India does have varying maturities from overnight to one year, which can be used for short term lending and borrowing. In India, the RBI controls and regulates money markets which are considered a focal point of its power over the wider financial market. The government has proposed to amend the Reserve Bank of Indi Act to take away money market regulatory powers from the central bank and bring it under the purview of the Securities and Exchange Board of India.
Indian Capital Markets are regulated and monitored by the Ministry of Finance, The Securities and Exchange Board of India and The Reserve Bank of India.
The Ministry of Finance regulates through the Department of Economic Affairs - Capital Markets Division. The division is responsible for formulating the policies related to the orderly growth and development of the securities markets as well as protecting the interest of the investors. In particular, it is responsible for
- institutional reforms in the securities markets,
- building regulatory and market institutions,
- strengthening investor protection mechanism, and
- providing an efficient legislative framework for securities markets.
The Division administers legislations and rules made under the
- Depositories Act, 1996,
- Securities Contracts (Regulation) Act, 1956 and
- Securities and Exchange Board of India Act, 1992.
Regulations:-
- Securities & Exchange Board of India.
- Reserve Bank of India.
- National Stock Exchange - Rules and Regulations.
