BANKING AFFAIRS

Detailed explanation-1: -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-2: -As entity regulators, RBI, IRDAI and PFRDA have encouraged their regulated entities to invest in corporate debt securities.

Detailed explanation-3: -(i) SEBI will be responsible for primary market (public issues as well as private placement by listed companies) for corporate debt; (ii) RBI will be responsible for the market for repo/reverse repo transactions in corporate debt.

Detailed explanation-4: -The SEBI is managed by its members, which consists of the following: The chairman is nominated by the Union Government of India. Two members, i.e., Officers from the Union Finance Ministry. One member from the Reserve Bank of India.

Detailed explanation-5: -Securities and Exchange Board of India (SEBI) is an apex body, which maintains and regulates our Capital Market. It was established in the year 1988 by the Indian government. Later in the year 1992, it received the statutory powers and the status of the fully autonomous body.