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1 mark

Which is the main regulatory body for banking in India?

  1. A
    SEBI
  2. B
    NABARD
  3. C
    IRDA
  4. D
    RBI

Solution & Step-by-step Explanation

The Reserve Bank of India (RBI) is India's central bank and the primary regulatory body responsible for regulating the country's entire banking system. SEBI regulates securities markets, NABARD focuses on rural development/agriculture finance, and IRDA regulates the insurance sector.

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Which is the main regulatory body for banking in India?
A
SEBI
B
NABARD
C
IRDA
D
RBI

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