BANKING AFFAIRS

Detailed explanation-1: -SEBI stands for the Securities and Exchange Board of India. It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992. Its main work is to regulate the capital market.

Detailed explanation-2: -Answer: The primary responsibility of the SEBI is to oversee the regulation of the Indian capital markets. It is responsible for monitoring and regulating the stock market and protecting the interests of investors by implementing a set of rules and regulations.

Detailed explanation-3: -SEBI is a statutory regulatory body established on the 12th of April, 1992. It monitors and regulates the Indian capital and securities market while ensuring to protect the interests of the investors, formulating regulations and guidelines.

Detailed explanation-4: -4. What is SEBI and what is its role? The SEBI is the regulatory authority established under Section 3 of SEBI Act 1992 to protect the interests of the investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith and incidental thereto.

Detailed explanation-5: -The Reserve Bank regulates financial markets within the overarching statutory framework of the Reserve Bank of India Act, 1934, the Government Securities Act, 2006, Foreign Exchange Management Act, 1999, the Bilateral Netting of Qualified Financial Contracts Act, 2020 and the Payment and Settlement Systems Act, 2007.