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Chairpersons</span> </div> </a> <ul id="toc-List_of_Chairpersons-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-National_Apex_Bodies" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#National_Apex_Bodies"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>National Apex Bodies</span> </div> </a> <ul id="toc-National_Apex_Bodies-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Functions_and_responsibilities" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Functions_and_responsibilities"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>Functions and responsibilities</span> </div> </a> <button aria-controls="toc-Functions_and_responsibilities-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon 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href="#Criticism_and_controversies"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>Criticism and controversies</span> </div> </a> <button aria-controls="toc-Criticism_and_controversies-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Criticism and controversies subsection</span> </button> <ul id="toc-Criticism_and_controversies-sublist" class="vector-toc-list"> <li id="toc-Regulatory_failure,_inaction,_and_incompetence" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Regulatory_failure,_inaction,_and_incompetence"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.1</span> <span>Regulatory failure, inaction, and incompetence</span> </div> </a> <ul id="toc-Regulatory_failure,_inaction,_and_incompetence-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Hindenburg_allegations" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Hindenburg_allegations"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.2</span> <span>Hindenburg allegations</span> </div> </a> <ul id="toc-Hindenburg_allegations-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Regional_Securities_exchanges" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Regional_Securities_exchanges"> <div class="vector-toc-text"> <span class="vector-toc-numb">7</span> <span>Regional Securities exchanges</span> </div> </a> <button aria-controls="toc-Regional_Securities_exchanges-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Regional Securities exchanges subsection</span> </button> <ul id="toc-Regional_Securities_exchanges-sublist" class="vector-toc-list"> <li id="toc-Process_of_de-recognition_and_exit" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Process_of_de-recognition_and_exit"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.1</span> <span>Process of de-recognition and exit</span> </div> </a> <ul id="toc-Process_of_de-recognition_and_exit-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Departments" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Departments"> <div class="vector-toc-text"> <span class="vector-toc-numb">8</span> <span>Departments</span> </div> </a> <ul id="toc-Departments-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-See_also" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#See_also"> <div class="vector-toc-text"> <span class="vector-toc-numb">9</span> <span>See also</span> </div> </a> <ul id="toc-See_also-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">10</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-External_links" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#External_links"> <div class="vector-toc-text"> <span class="vector-toc-numb">11</span> <span>External links</span> </div> </a> <ul id="toc-External_links-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" title="Table of Contents" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-titlebar-toc" class="vector-dropdown-checkbox " aria-label="Toggle the table of contents" > <label id="vector-page-titlebar-toc-label" for="vector-page-titlebar-toc-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-listBullet mw-ui-icon-wikimedia-listBullet"></span> <span class="vector-dropdown-label-text">Toggle the table of contents</span> </label> <div class="vector-dropdown-content"> <div id="vector-page-titlebar-toc-unpinned-container" class="vector-unpinned-container"> </div> </div> </div> </nav> <h1 id="firstHeading" class="firstHeading mw-first-heading"><span class="mw-page-title-main">Securities and Exchange Board of India</span></h1> <div id="p-lang-btn" class="vector-dropdown mw-portlet mw-portlet-lang" > <input type="checkbox" id="p-lang-btn-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-p-lang-btn" class="vector-dropdown-checkbox mw-interlanguage-selector" aria-label="Go to an article in another language. Available in 11 languages" > <label id="p-lang-btn-label" for="p-lang-btn-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--action-progressive mw-portlet-lang-heading-11" aria-hidden="true" ><span class="vector-icon mw-ui-icon-language-progressive mw-ui-icon-wikimedia-language-progressive"></span> <span class="vector-dropdown-label-text">11 languages</span> </label> <div class="vector-dropdown-content"> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li class="interlanguage-link interwiki-as mw-list-item"><a href="https://as.wikipedia.org/wiki/%E0%A6%9A%E0%A6%BF%E0%A6%95%E0%A6%BF%E0%A6%89%E0%A7%B0%E0%A6%BF%E0%A6%9F%E0%A6%BF%E0%A6%9C_%E0%A6%8F%E0%A6%A3%E0%A7%8D%E0%A6%A1_%E0%A6%8F%E0%A6%95%E0%A7%8D%E0%A6%B8%E0%A6%9A%E0%A7%87%E0%A6%9E%E0%A7%8D%E0%A6%9C_%E0%A6%AC%E2%80%99%E0%A7%B0%E0%A7%8D%E0%A6%A1_%E0%A6%85%E0%A6%AB_%E0%A6%87%E0%A6%A3%E0%A7%8D%E0%A6%A1%E0%A6%BF%E0%A6%AF%E0%A6%BC%E0%A6%BE" title="চিকিউৰিটিজ এণ্ড এক্সচেঞ্জ ব’ৰ্ড অফ ইণ্ডিয়া – Assamese" lang="as" hreflang="as" data-title="চিকিউৰিটিজ এণ্ড এক্সচেঞ্জ ব’ৰ্ড অফ ইণ্ডিয়া" data-language-autonym="অসমীয়া" data-language-local-name="Assamese" class="interlanguage-link-target"><span>অসমীয়া</span></a></li><li class="interlanguage-link interwiki-bn mw-list-item"><a href="https://bn.wikipedia.org/wiki/%E0%A6%B8%E0%A6%BF%E0%A6%95%E0%A6%BF%E0%A6%89%E0%A6%B0%E0%A6%BF%E0%A6%9F%E0%A6%BF_%E0%A6%85%E0%A7%8D%E0%A6%AF%E0%A6%BE%E0%A6%A8%E0%A7%8D%E0%A6%A1_%E0%A6%8F%E0%A6%95%E0%A7%8D%E0%A6%B8%E0%A6%9A%E0%A7%87%E0%A6%9E%E0%A7%8D%E0%A6%9C_%E0%A6%AC%E0%A7%8B%E0%A6%B0%E0%A7%8D%E0%A6%A1_%E0%A6%85%E0%A6%AB_%E0%A6%87%E0%A6%A8%E0%A7%8D%E0%A6%A1%E0%A6%BF%E0%A6%AF%E0%A6%BC%E0%A6%BE" title="সিকিউরিটি অ্যান্ড এক্সচেঞ্জ বোর্ড অফ ইন্ডিয়া – Bangla" lang="bn" hreflang="bn" data-title="সিকিউরিটি অ্যান্ড এক্সচেঞ্জ বোর্ড অফ ইন্ডিয়া" data-language-autonym="বাংলা" data-language-local-name="Bangla" class="interlanguage-link-target"><span>বাংলা</span></a></li><li class="interlanguage-link interwiki-hi mw-list-item"><a href="https://hi.wikipedia.org/wiki/%E0%A4%AD%E0%A4%BE%E0%A4%B0%E0%A4%A4%E0%A5%80%E0%A4%AF_%E0%A4%AA%E0%A5%8D%E0%A4%B0%E0%A4%A4%E0%A4%BF%E0%A4%AD%E0%A5%82%E0%A4%A4%E0%A4%BF_%E0%A4%94%E0%A4%B0_%E0%A4%B5%E0%A4%BF%E0%A4%A8%E0%A4%BF%E0%A4%AE%E0%A4%AF_%E0%A4%AC%E0%A5%8B%E0%A4%B0%E0%A5%8D%E0%A4%A1" title="भारतीय प्रतिभूति और विनिमय बोर्ड – Hindi" lang="hi" hreflang="hi" data-title="भारतीय प्रतिभूति और विनिमय बोर्ड" data-language-autonym="हिन्दी" data-language-local-name="Hindi" class="interlanguage-link-target"><span>हिन्दी</span></a></li><li class="interlanguage-link interwiki-kn mw-list-item"><a href="https://kn.wikipedia.org/wiki/%E0%B2%AD%E0%B2%BE%E0%B2%B0%E0%B2%A4%E0%B3%80%E0%B2%AF_%E0%B2%AD%E0%B2%A6%E0%B3%8D%E0%B2%B0%E0%B2%A4%E0%B2%BE_%E0%B2%AE%E0%B2%A4%E0%B3%8D%E0%B2%A4%E0%B3%81_%E0%B2%B5%E0%B2%BF%E0%B2%A8%E0%B2%BF%E0%B2%AE%E0%B2%AF_%E0%B2%AE%E0%B2%82%E0%B2%A1%E0%B2%B3%E0%B2%BF_(%E0%B2%B8%E0%B3%86%E0%B2%AC%E0%B2%BF)" title="ಭಾರತೀಯ ಭದ್ರತಾ ಮತ್ತು ವಿನಿಮಯ ಮಂಡಳಿ (ಸೆಬಿ) – Kannada" lang="kn" hreflang="kn" data-title="ಭಾರತೀಯ ಭದ್ರತಾ ಮತ್ತು ವಿನಿಮಯ ಮಂಡಳಿ (ಸೆಬಿ)" data-language-autonym="ಕನ್ನಡ" data-language-local-name="Kannada" class="interlanguage-link-target"><span>ಕನ್ನಡ</span></a></li><li class="interlanguage-link interwiki-ml mw-list-item"><a href="https://ml.wikipedia.org/wiki/%E0%B4%B8%E0%B5%86%E0%B4%95%E0%B5%8D%E0%B4%AF%E0%B5%82%E0%B4%B0%E0%B4%BF%E0%B4%B1%E0%B5%8D%E0%B4%B1%E0%B5%80%E0%B4%B8%E0%B5%8D_%E0%B4%86%E0%B4%A8%E0%B5%8D%E0%B4%B1%E0%B5%8D_%E0%B4%8E%E0%B4%95%E0%B5%8D%E0%B4%B8%E0%B5%8D%E0%B4%9A%E0%B5%87%E0%B4%9E%E0%B5%8D%E0%B4%9A%E0%B5%8D_%E0%B4%AC%E0%B5%8B%E0%B5%BC%E0%B4%A1%E0%B5%8D_%E0%B4%93%E0%B4%AB%E0%B5%8D_%E0%B4%87%E0%B4%A8%E0%B5%8D%E0%B4%A4%E0%B5%8D%E0%B4%AF" title="സെക്യൂരിറ്റീസ് ആന്റ് എക്സ്ചേഞ്ച് ബോർഡ് ഓഫ് ഇന്ത്യ – Malayalam" lang="ml" hreflang="ml" data-title="സെക്യൂരിറ്റീസ് ആന്റ് എക്സ്ചേഞ്ച് ബോർഡ് ഓഫ് ഇന്ത്യ" data-language-autonym="മലയാളം" data-language-local-name="Malayalam" class="interlanguage-link-target"><span>മലയാളം</span></a></li><li class="interlanguage-link interwiki-mr mw-list-item"><a href="https://mr.wikipedia.org/wiki/%E0%A4%B8%E0%A4%BF%E0%A4%95%E0%A5%8D%E2%80%8D%E0%A4%AF%E0%A5%81%E0%A4%B0%E0%A4%BF%E0%A4%9F%E0%A5%80%E0%A4%9C_%E0%A4%85%E0%A4%81%E0%A4%A1_%E0%A4%8F%E0%A4%95%E0%A5%8D%E2%80%8D%E0%A4%B8%E0%A5%8D%E0%A4%9A%E0%A5%87%E0%A4%82%E0%A4%9C_%E0%A4%AC%E0%A5%8B%E0%A4%B0%E0%A5%8D%E0%A4%A1_%E0%A4%91%E0%A4%AB_%E0%A4%87%E0%A4%82%E0%A4%A1%E0%A4%BF%E0%A4%AF%E0%A4%BE" title="सिक्‍युरिटीज अँड एक्‍स्चेंज बोर्ड ऑफ इंडिया – Marathi" lang="mr" hreflang="mr" data-title="सिक्‍युरिटीज अँड एक्‍स्चेंज बोर्ड ऑफ इंडिया" data-language-autonym="मराठी" data-language-local-name="Marathi" class="interlanguage-link-target"><span>मराठी</span></a></li><li class="interlanguage-link interwiki-or mw-list-item"><a href="https://or.wikipedia.org/wiki/%E0%AC%B8%E0%AD%87%E0%AC%AC%E0%AC%BF" title="ସେବି – Odia" lang="or" hreflang="or" data-title="ସେବି" data-language-autonym="ଓଡ଼ିଆ" data-language-local-name="Odia" class="interlanguage-link-target"><span>ଓଡ଼ିଆ</span></a></li><li class="interlanguage-link interwiki-pa mw-list-item"><a href="https://pa.wikipedia.org/wiki/%E0%A8%AD%E0%A8%BE%E0%A8%B0%E0%A8%A4_%E0%A8%A6%E0%A8%BE_%E0%A8%9C%E0%A8%BC%E0%A8%BE%E0%A8%AE%E0%A8%A8%E0%A9%80_%E0%A8%85%E0%A8%A4%E0%A9%87_%E0%A8%B5%E0%A8%9F%E0%A8%BE%E0%A8%82%E0%A8%A6%E0%A8%B0%E0%A8%BE_%E0%A8%AC%E0%A9%8B%E0%A8%B0%E0%A8%A1" title="ਭਾਰਤ ਦਾ ਜ਼ਾਮਨੀ ਅਤੇ ਵਟਾਂਦਰਾ ਬੋਰਡ – Punjabi" lang="pa" hreflang="pa" data-title="ਭਾਰਤ ਦਾ ਜ਼ਾਮਨੀ ਅਤੇ ਵਟਾਂਦਰਾ ਬੋਰਡ" data-language-autonym="ਪੰਜਾਬੀ" data-language-local-name="Punjabi" class="interlanguage-link-target"><span>ਪੰਜਾਬੀ</span></a></li><li class="interlanguage-link interwiki-ru mw-list-item"><a href="https://ru.wikipedia.org/wiki/%D0%A1%D0%BE%D0%B2%D0%B5%D1%82_%D0%BF%D0%BE_%D1%86%D0%B5%D0%BD%D0%BD%D1%8B%D0%BC_%D0%B1%D1%83%D0%BC%D0%B0%D0%B3%D0%B0%D0%BC_%D0%B8_%D0%B1%D0%B8%D1%80%D0%B6%D0%B0%D0%BC_%D0%98%D0%BD%D0%B4%D0%B8%D0%B8" title="Совет по ценным бумагам и биржам Индии – Russian" lang="ru" hreflang="ru" data-title="Совет по ценным бумагам и биржам Индии" data-language-autonym="Русский" data-language-local-name="Russian" class="interlanguage-link-target"><span>Русский</span></a></li><li class="interlanguage-link interwiki-ta mw-list-item"><a href="https://ta.wikipedia.org/wiki/%E0%AE%87%E0%AE%A8%E0%AF%8D%E0%AE%A4%E0%AE%BF%E0%AE%AF_%E0%AE%AA%E0%AE%99%E0%AF%8D%E0%AE%95%E0%AF%81_%E0%AE%AE%E0%AE%B1%E0%AF%8D%E0%AE%B1%E0%AF%81%E0%AE%AE%E0%AF%8D_%E0%AE%AA%E0%AE%B0%E0%AE%BF%E0%AE%B5%E0%AE%B0%E0%AF%8D%E0%AE%A4%E0%AF%8D%E0%AE%A4%E0%AE%A9%E0%AF%88_%E0%AE%B5%E0%AE%BE%E0%AE%B0%E0%AE%BF%E0%AE%AF%E0%AE%AE%E0%AF%8D" title="இந்திய பங்கு மற்றும் பரிவர்த்தனை வாரியம் – Tamil" lang="ta" hreflang="ta" data-title="இந்திய பங்கு மற்றும் பரிவர்த்தனை வாரியம்" data-language-autonym="தமிழ்" data-language-local-name="Tamil" class="interlanguage-link-target"><span>தமிழ்</span></a></li><li class="interlanguage-link interwiki-te mw-list-item"><a href="https://te.wikipedia.org/wiki/%E0%B0%B8%E0%B1%86%E0%B0%95%E0%B1%8D%E0%B0%AF%E0%B1%82%E0%B0%B0%E0%B0%BF%E0%B0%9F%E0%B1%80%E0%B0%B8%E0%B1%8D_%E0%B0%85%E0%B0%82%E0%B0%A1%E0%B1%8D_%E0%B0%8E%E0%B0%95%E0%B1%8D%E0%B0%9B%E0%B1%87%E0%B0%82%E0%B0%9C%E0%B1%8D_%E0%B0%AC%E0%B1%8B%E0%B0%B0%E0%B1%8D%E0%B0%A1%E0%B1%81_%E0%B0%86%E0%B0%AB%E0%B1%8D_%E0%B0%87%E0%B0%82%E0%B0%A1%E0%B0%BF%E0%B0%AF%E0%B0%BE" title="సెక్యూరిటీస్ అండ్ ఎక్ఛేంజ్ బోర్డు ఆఫ్ ఇండియా – Telugu" lang="te" hreflang="te" data-title="సెక్యూరిటీస్ అండ్ ఎక్ఛేంజ్ బోర్డు ఆఫ్ ఇండియా" data-language-autonym="తెలుగు" data-language-local-name="Telugu" class="interlanguage-link-target"><span>తెలుగు</span></a></li> </ul> <div class="after-portlet after-portlet-lang"><span class="wb-langlinks-edit wb-langlinks-link"><a href="https://www.wikidata.org/wiki/Special:EntityPage/Q2615692#sitelinks-wikipedia" title="Edit interlanguage links" class="wbc-editpage">Edit links</a></span></div> </div> </div> </div> </header> <div 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id="mw-content-subtitle"><span class="mw-redirectedfrom">(Redirected from <a href="/w/index.php?title=SEBI&redirect=no" class="mw-redirect" title="SEBI">SEBI</a>)</span></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Regulatory body for securities in India</div> <p class="mw-empty-elt"> </p> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><table class="infobox"><caption class="infobox-title" style="font-size: 125%;">Securities and Exchange Board of India</caption><tbody><tr><td colspan="2" class="infobox-image"><span typeof="mw:File"><a href="/wiki/File:Securities_and_Exchange_Board_of_India.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/d/da/Securities_and_Exchange_Board_of_India.png/330px-Securities_and_Exchange_Board_of_India.png" decoding="async" width="300" height="34" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/d/da/Securities_and_Exchange_Board_of_India.png 1.5x" data-file-width="450" data-file-height="51" /></a></span><div class="infobox-caption">Securities and Exchange Board of India</div></td></tr><tr><td colspan="2" class="infobox-full-data"><span typeof="mw:File"><a href="/wiki/File:SEBI_Bhavan.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/c/cc/SEBI_Bhavan.jpg/250px-SEBI_Bhavan.jpg" decoding="async" width="220" height="165" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/c/cc/SEBI_Bhavan.jpg/330px-SEBI_Bhavan.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/c/cc/SEBI_Bhavan.jpg/500px-SEBI_Bhavan.jpg 2x" data-file-width="2048" data-file-height="1536" /></a></span><br />SEBI Bhavan, Mumbai</td></tr><tr><th colspan="2" class="infobox-header" style="background-color: #efefef">Agency overview</th></tr><tr><th scope="row" class="infobox-label">Formed</th><td class="infobox-data">April 12, 1988<span class="noprint">; 36 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">1988-04-12</span>)</span> (<span style="font-size: 85%;">Established</span>) <br /> January 30, 1992<span class="noprint">; 33 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">1992-01-30</span>)</span> (<span style="font-size: 85%;">Acquired Statutory Status</span>)<sup id="cite_ref-About_SEI_1-0" class="reference"><a href="#cite_note-About_SEI-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label">Type</th><td class="infobox-data category"><a href="/wiki/Regulatory_agency" title="Regulatory agency">Regulatory agency</a></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data"><a href="/wiki/Mumbai" title="Mumbai">Mumbai</a>, <a href="/wiki/Maharashtra" title="Maharashtra">Maharashtra</a></td></tr><tr><th scope="row" class="infobox-label">Employees</th><td class="infobox-data">867+ (2020)<sup id="cite_ref-sebi.gov.in_2-0" class="reference"><a href="#cite_note-sebi.gov.in-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label">Agency executive</th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"><ul><li style="text-indent: -1em; padding-left: 1em;"><a href="/wiki/Tuhin_Kanta_Pandey" title="Tuhin Kanta Pandey">Tuhin Kanta Pandey</a>, <a href="/wiki/Chairperson" class="mw-redirect" title="Chairperson">Chairperson</a></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Parent department</th><td class="infobox-data"><a href="/wiki/Ministry_of_Finance_(India)" title="Ministry of Finance (India)">Ministry of Finance</a>, <a href="/wiki/Government_of_India" title="Government of India">Government of India</a></td></tr><tr><th scope="row" class="infobox-label">Child agencies</th><td class="infobox-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409" /><div class="plainlist"><ul><li style="text-indent: -1em; padding-left: 1em;"><a href="/wiki/Forward_Markets_Commission" title="Forward Markets Commission">Forward Markets Commission</a></li><li style="text-indent: -1em; padding-left: 1em;"><a href="/wiki/Association_of_Mutual_Funds_of_India" title="Association of Mutual Funds of India">Association of Mutual Funds of India</a></li><li style="text-indent: -1em; padding-left: 1em;"><a href="/wiki/National_Securities_Depository_Limited" title="National Securities Depository Limited">National Securities Depository Limited</a></li><li style="text-indent: -1em; padding-left: 1em;"><a href="/wiki/Central_Depository_Services_Limited" title="Central Depository Services Limited">Central Depository Services Limited</a></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Key document</th><td class="infobox-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409" /><div class="plainlist"><ul><li style="text-indent: -1em; padding-left: 1em;">Securities and Exchange Board of India Act, 1992<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="http://sebi.gov.in">sebi<wbr />.gov<wbr />.in</a></span></td></tr><tr><th colspan="2" class="infobox-header" style="background-color: #efefef">Footnotes</th></tr><tr><td colspan="2" class="infobox-full-data"><sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup></td></tr></tbody></table> <style data-mw-deduplicate="TemplateStyles:r1129693374">.mw-parser-output .hlist dl,.mw-parser-output .hlist ol,.mw-parser-output .hlist ul{margin:0;padding:0}.mw-parser-output .hlist dd,.mw-parser-output .hlist dt,.mw-parser-output .hlist li{margin:0;display:inline}.mw-parser-output .hlist.inline,.mw-parser-output .hlist.inline dl,.mw-parser-output .hlist.inline ol,.mw-parser-output .hlist.inline ul,.mw-parser-output .hlist dl dl,.mw-parser-output .hlist dl ol,.mw-parser-output .hlist dl ul,.mw-parser-output .hlist ol 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.sidebar:not(.notheme) .sidebar-title-with-pretitle{background:transparent!important}html.skin-theme-clientpref-os .mw-parser-output .sidebar:not(.notheme) .sidebar-title-with-pretitle a{color:var(--color-progressive)!important}}@media print{body.ns-0 .mw-parser-output .sidebar{display:none!important}}</style><table class="sidebar nomobile nowraplinks" style="border:1px solid #B2BEB5"><tbody><tr><td class="sidebar-pretitle" style="background:#ACE1AF">Categories of</td></tr><tr><th class="sidebar-title-with-pretitle" style="background:#ACE1AF;font-size:200%;font-weight:normal;padding-bottom:0.15em;"><a href="/wiki/Financial_risk" title="Financial risk">Financial risk</a></th></tr><tr><td class="sidebar-image"><span typeof="mw:File"><a href="/wiki/File:Solidus-Constantius_Gallus-thessalonica_RIC_149.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/6/61/Solidus-Constantius_Gallus-thessalonica_RIC_149.jpg/120px-Solidus-Constantius_Gallus-thessalonica_RIC_149.jpg" decoding="async" width="100" height="49" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/6/61/Solidus-Constantius_Gallus-thessalonica_RIC_149.jpg/250px-Solidus-Constantius_Gallus-thessalonica_RIC_149.jpg 1.5x" data-file-width="500" data-file-height="244" /></a></span></td></tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Credit_risk" title="Credit risk">Credit risk</a></th></tr><tr><td class="sidebar-content plainlist"> <ul><li><a href="/wiki/Settlement_risk" title="Settlement risk">Settlement risk</a></li> <li><a href="/wiki/Concentration_risk" title="Concentration risk">Concentration risk</a></li> <li><a href="/wiki/Sovereign_credit_risk" title="Sovereign credit risk">Sovereign risk</a></li> <li><a href="/wiki/Default_(finance)" title="Default (finance)">Default risk</a></li></ul></td> </tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Market_risk" title="Market risk">Market risk</a></th></tr><tr><td class="sidebar-content plainlist"> <ul><li><a href="/wiki/Interest_rate_risk" title="Interest rate risk">Interest rate risk</a></li> <li><a href="/wiki/Inflation_risk" class="mw-redirect" title="Inflation risk">Inflation risk</a></li> <li><a href="/wiki/Currency_risk" class="mw-redirect" title="Currency risk">Currency risk</a></li> <li><a href="/wiki/Equity_risk" title="Equity risk">Equity risk</a></li> <li><a href="/wiki/Commodity_risk" title="Commodity risk">Commodity risk</a></li> <li><a href="/wiki/Volatility_risk" title="Volatility risk">Volatility risk</a></li> <li><a href="/wiki/Systemic_risk" title="Systemic risk">Systemic risk</a></li></ul></td> </tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Liquidity_risk" title="Liquidity risk">Liquidity risk</a></th></tr><tr><td class="sidebar-content plainlist"> <ul><li><a href="/wiki/Refinancing_risk" title="Refinancing risk">Refinancing risk</a></li> <li><a href="/wiki/Deposit_risk" title="Deposit risk">Deposit risk</a></li> <li><a href="/wiki/Margining_risk" title="Margining risk">Margining risk</a></li></ul></td> </tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Investment_risk" class="mw-redirect" title="Investment risk">Investment risk</a></th></tr><tr><td class="sidebar-content plainlist"> <ul><li><a href="/wiki/Model_risk" title="Model risk">Model risk</a></li> <li><a href="/wiki/Execution_risk" class="mw-redirect" title="Execution risk">Execution risk</a></li> <li><a href="/wiki/Valuation_risk" title="Valuation risk">Valuation risk</a></li></ul></td> </tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Business_risk" class="mw-redirect" title="Business risk">Business risk</a></th></tr><tr><td class="sidebar-content plainlist"> <ul><li><a href="/wiki/Reputational_risk" class="mw-redirect" title="Reputational risk">Reputational risk</a></li> <li><a href="/wiki/Operational_risk" title="Operational risk">Operational risk</a></li> <li><a href="/wiki/Country_risk" title="Country risk">Country risk</a></li> <li><a href="/wiki/Political_risk" title="Political risk">Political risk</a></li> <li><a href="/wiki/Legal_risk" title="Legal risk">Legal risk</a></li> <li><a href="/wiki/Moral_hazard" title="Moral hazard">Moral hazard</a></li></ul></td> </tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Profit_risk" title="Profit risk">Profit risk</a></th></tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Non-financial_risk" title="Non-financial risk">Non-financial risk</a></th></tr><tr><td class="sidebar-content plainlist"> <ul><li><a href="/wiki/Stranded_asset" title="Stranded asset">Stranded asset</a></li></ul></td> </tr><tr><td class="sidebar-navbar"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><style data-mw-deduplicate="TemplateStyles:r1239400231">.mw-parser-output .navbar{display:inline;font-size:88%;font-weight:normal}.mw-parser-output .navbar-collapse{float:left;text-align:left}.mw-parser-output .navbar-boxtext{word-spacing:0}.mw-parser-output .navbar ul{display:inline-block;white-space:nowrap;line-height:inherit}.mw-parser-output .navbar-brackets::before{margin-right:-0.125em;content:"[ "}.mw-parser-output .navbar-brackets::after{margin-left:-0.125em;content:" ]"}.mw-parser-output .navbar li{word-spacing:-0.125em}.mw-parser-output .navbar a>span,.mw-parser-output .navbar a>abbr{text-decoration:inherit}.mw-parser-output .navbar-mini abbr{font-variant:small-caps;border-bottom:none;text-decoration:none;cursor:inherit}.mw-parser-output .navbar-ct-full{font-size:114%;margin:0 7em}.mw-parser-output .navbar-ct-mini{font-size:114%;margin:0 4em}html.skin-theme-clientpref-night .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}@media(prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}}@media print{.mw-parser-output .navbar{display:none!important}}</style><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Financial_risk_types" title="Template:Financial risk types"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Financial_risk_types" title="Template talk:Financial risk types"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Financial_risk_types" title="Special:EditPage/Template:Financial risk types"><abbr title="Edit this template">e</abbr></a></li></ul></div></td></tr></tbody></table> <p>The <b>Securities and Exchange Board of India</b> (<b>SEBI</b>) is the <a href="/wiki/Regulatory_agency" title="Regulatory agency">regulatory body</a> for <a href="/wiki/Securities" class="mw-redirect" title="Securities">securities</a> and <a href="/wiki/Commodity_market" title="Commodity market">commodity market</a> in <a href="/wiki/India" title="India">India</a> under the <a href="/wiki/Administrative_domain" title="Administrative domain">administrative domain</a> of <a href="/wiki/Ministry_of_Finance_(India)" title="Ministry of Finance (India)">Ministry of Finance</a> within the <a href="/wiki/Government_of_India" title="Government of India">Government of India</a>. It was established on 12 April 1988 as an executive body and was given <a href="/wiki/Statutory_body" title="Statutory body">statutory</a> powers on 30 January 1992 through the <a href="/wiki/Securities_and_Exchange_Board_of_India_Act,_1992" title="Securities and Exchange Board of India Act, 1992">SEBI Act, 1992</a>.<sup id="cite_ref-About_SEI_1-1" class="reference"><a href="#cite_note-About_SEI-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the <a href="/wiki/Securities_market" title="Securities market">securities market</a>. Before it came into existence, the Controller of Capital Issues was the market's regulatory authority, and derived power from the Capital Issues (Control) Act, 1947.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> SEBI became an autonomous body on 30 January 1992 and was accorded <a href="/wiki/Statutory_body" title="Statutory body">statutory</a> powers with the passing of the SEBI Act, 1992 by the <a href="/wiki/Parliament_of_India" title="Parliament of India">Parliament of India</a>.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> It has its headquarters at the <a href="/wiki/Central_business_district" title="Central business district">business district</a> of <a href="/wiki/Bandra_Kurla_Complex" title="Bandra Kurla Complex">Bandra Kurla Complex</a> in <a href="/wiki/Mumbai" title="Mumbai">Mumbai</a> and has Northern, Eastern, Southern and Western Regional Offices in <a href="/wiki/New_Delhi" title="New Delhi">New Delhi</a>, <a href="/wiki/Kolkata" title="Kolkata">Kolkata</a>, <a href="/wiki/Chennai" title="Chennai">Chennai</a>, and <a href="/wiki/Ahmedabad" title="Ahmedabad">Ahmedabad</a>, respectively. Up until June 2023, it also had 17 local offices spread all over India to promote investor education; however, 16 of them were closed as part of a restructuring exercise.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p><p>SEBI is managed by its board of members, which consist of the following people: </p> <ul><li>The chairman, who is nominated by the <a href="/wiki/Government_of_India" title="Government of India">Union Government of India</a>.</li> <li>Two members from the <a href="/wiki/Ministry_of_Finance_(India)" title="Ministry of Finance (India)">Union Finance Ministry</a>.</li> <li>One member from the <a href="/wiki/Reserve_Bank_of_India" title="Reserve Bank of India">Reserve Bank of India</a>.</li> <li>The remaining five members are nominated by the Union Government of India, and out of them at least three should be whole-time members.</li></ul> <p>After the amendment of 1999, collective investment schemes were brought under SEBI except <a href="/wiki/Nidhi_company" title="Nidhi company">nidhis</a>, chit funds and cooperatives. </p> <div class="mw-heading mw-heading2"><h2 id="Organisation_structure">Organisation structure</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=2" title="Edit section: Organisation structure"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Sebi_Headquarter.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/2/2f/Sebi_Headquarter.jpg/250px-Sebi_Headquarter.jpg" decoding="async" width="220" height="162" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/2/2f/Sebi_Headquarter.jpg/330px-Sebi_Headquarter.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/2/2f/Sebi_Headquarter.jpg/500px-Sebi_Headquarter.jpg 2x" data-file-width="751" data-file-height="553" /></a><figcaption>SEBI headquarters, Mumbai</figcaption></figure> <p>Tuhin Kanta Pandey took charge as <a href="/wiki/Chairman" class="mw-redirect" title="Chairman">Chairman</a> on 1 March 2025, replacing <a href="/wiki/Madhabi_Puri_Buch" title="Madhabi Puri Buch">Madhabi Puri Buch</a> , whose term ended on 28 February 2025. <sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Current_Board_members">Current <a rel="nofollow" class="external text" href="https://www.sebi.gov.in/orgchart.html">Board members</a></h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=3" title="Edit section: Current Board members"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The board comprises:<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> </p> <table class="wikitable"> <tbody><tr> <th>Name</th> <th>Designation </th></tr> <tr> <td><a href="/wiki/Tuhin_Kanta_Pandey" title="Tuhin Kanta Pandey">Tuhin Kanta Pandey</a></td> <td>Chairperson </td></tr> <tr> <td>Shri Ashwani Bhatia</td> <td>Whole time member </td></tr> <tr> <td>Shri Ananth Narayan G</td> <td>Whole time member </td></tr> <tr> <td>Shri Amarjeet Singh</td> <td>Whole time member </td></tr> <tr> <td>Shri Kamlesh Chandra Varshney </td> <td>Whole time member </td></tr></tbody></table> <div class="mw-heading mw-heading3"><h3 id="List_of_Chairpersons">List of Chairpersons</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=4" title="Edit section: List of Chairpersons"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>List of Chairperson:<sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> </p> <table class="wikitable"> <tbody><tr> <th>Name </th> <th>From </th> <th>To </th></tr> <tr> <td>Dr. S. A. Dave </td> <td>12 April 1988 </td> <td>23 August 1990 </td></tr> <tr> <td>G. V. Ramakrishna </td> <td>24 August 1990 </td> <td>17 January 1994 </td></tr> <tr> <td>S. S. Nadkarni </td> <td>17 January 1994 </td> <td>31 January 1995 </td></tr> <tr> <td><a href="/wiki/D._R._Mehta" title="D. R. Mehta">D. R. Mehta</a> </td> <td>21 February 1995 </td> <td>20 February 2002 </td></tr> <tr> <td>G. N. Bajpai </td> <td>20 February 2002 </td> <td>18 February 2005 </td></tr> <tr> <td><a href="/wiki/M._Damodaran" title="M. Damodaran">M. Damodaran</a> </td> <td>18 February 2005 </td> <td>18 February 2008 </td></tr> <tr> <td><a href="/wiki/C._B._Bhave" title="C. B. Bhave">C. B. Bhave</a> </td> <td>18 February 2008 </td> <td>18 February 2011 </td></tr> <tr> <td><a href="/wiki/U._K._Sinha" title="U. K. Sinha">U. K. Sinha</a> </td> <td>18 February 2011 </td> <td>10 February 2017 </td></tr> <tr> <td>Ajay Tyagi </td> <td>10 February 2017 </td> <td>28 February 2022 </td></tr> <tr> <td><a href="/wiki/Madhabi_Puri_Buch" title="Madhabi Puri Buch">Madhabi Puri Buch</a> </td> <td>1 March 2022 </td> <td>28 February 2025 </td></tr> <tr> <td><a href="/wiki/Tuhin_Kanta_Pandey" title="Tuhin Kanta Pandey">Tuhin Kanta Pandey</a> </td> <td>1 March 2025 </td> <td><i>Incumbent</i> </td></tr></tbody></table> <div class="mw-heading mw-heading2"><h2 id="National_Apex_Bodies">National Apex Bodies</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=5" title="Edit section: National Apex Bodies"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/National_Institute_of_Securities_Markets" title="National Institute of Securities Markets">National Institute of Securities Markets of India</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="Functions_and_responsibilities">Functions and responsibilities</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=6" title="Edit section: Functions and responsibilities"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as "...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected there with or incidental there to". </p><p>SEBI has to be responsive to the needs of three groups, which constitute the market: </p> <ul><li>issuers of securities</li> <li>investors</li> <li>market intermediaries</li></ul><p> SEBI has three powers rolled into one body: <a href="/wiki/Quasi-legislative" class="mw-redirect" title="Quasi-legislative">quasi-legislative</a>, <a href="/wiki/Quasi-judicial" class="mw-redirect" title="Quasi-judicial">quasi-judicial</a> and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in its executive function and it passes rulings and orders in its judicial capacity. Though this makes it very powerful, there is an appeal process to create accountability. There is a Securities Appellate Tribunal which is a three-member tribunal and is currently headed by Justice <a href="/wiki/Tarun_Agarwala" class="mw-redirect" title="Tarun Agarwala">Tarun Agarwala</a>, former Chief Justice of the <a href="/wiki/Meghalaya_High_Court" title="Meghalaya High Court">Meghalaya High Court</a>.<sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> A second appeal lies directly to the <a href="/wiki/Supreme_Court_of_India" title="Supreme Court of India">Supreme Court</a>. SEBI has taken a very proactive role in streamlining disclosure requirements to international standards.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> </p><figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Securities_and_Exchange_Board_of_India(SEBI).jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/e/ec/Securities_and_Exchange_Board_of_India%28SEBI%29.jpg/250px-Securities_and_Exchange_Board_of_India%28SEBI%29.jpg" decoding="async" width="220" height="226" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/e/ec/Securities_and_Exchange_Board_of_India%28SEBI%29.jpg/330px-Securities_and_Exchange_Board_of_India%28SEBI%29.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/e/ec/Securities_and_Exchange_Board_of_India%28SEBI%29.jpg/500px-Securities_and_Exchange_Board_of_India%28SEBI%29.jpg 2x" data-file-width="15433" data-file-height="15867" /></a><figcaption>Securities and Exchange Board of India (SEBI)</figcaption></figure> <div class="mw-heading mw-heading3"><h3 id="Powers">Powers</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=7" title="Edit section: Powers"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>For the discharge of its functions efficiently, SEBI has been vested with the following powers: </p> <ul><li>to approve by−laws of Securities exchanges.</li> <li>to require the Securities exchange to amend their by−laws.</li> <li>inspect the books of accounts and call for periodical returns from recognised Securities exchanges.</li> <li>inspect the books of accounts of financial intermediaries.</li> <li>compel certain companies to list their shares in one or more Securities exchanges.</li> <li>registration of Brokers and sub-brokers.</li> <li>eliminate malpractices in security market.</li></ul> <p><b>SEBI committees</b> </p> <ul><li>Technical Advisory Committee</li> <li>Committee for review of structure of infrastructure institutions</li> <li>Advisory Committee for the SEBI Investor Protection and Education Fund</li> <li>Takeover Regulations Advisory Committee</li> <li>Primary Market Advisory Committee (PMAC)</li> <li>Secondary Market Advisory Committee (SMAC)</li> <li>Mutual Fund Advisory Committee</li> <li>Corporate Bonds & Securitisation Advisory Committee</li></ul> <p>There are two <b>types</b> of brokers: </p> <ul><li>Discount brokers</li> <li>Merchant brokers</li></ul> <div class="mw-heading mw-heading2"><h2 id="Major_achievements">Major achievements</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=8" title="Edit section: Major achievements"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>SEBI has enjoyed success as a regulator by pushing systematic reforms aggressively and successively. It is credited for quick movement towards making the markets electronic and paperless by introducing the T+5 rolling cycle in July 2001, the T+3 in April 2002, and the <a href="/wiki/T%2B2" class="mw-redirect" title="T+2">T+2</a> in April 2003. The rolling cycle of T+2 means that <a href="/wiki/Settlement_(finance)" title="Settlement (finance)">settlement</a> is done in 2 days after <a href="/wiki/Trade_date" title="Trade date">trade date</a>.<sup id="cite_ref-Discussion_Paper_Implementation_of_T+2_rolling_settlement_16-0" class="reference"><a href="#cite_note-Discussion_Paper_Implementation_of_T+2_rolling_settlement-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-Sebi_gets_rolling_on_T+2_settlement_schedule_17-0" class="reference"><a href="#cite_note-Sebi_gets_rolling_on_T+2_settlement_schedule-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> SEBI has also been active in setting up the regulations as required under law. It did away with physical certificates that were prone to postal delays, theft and forgery, apart from making the settlement process slow and cumbersome, by passing the Depositories Act, 1996.<sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup> </p><p>SEBI has also been instrumental in taking quick and effective steps in light of the global meltdown and the Satyam fiasco.<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup> In October 2011, it increased the extent and quantity of disclosures to be made by Indian corporate promoters.<sup id="cite_ref-SEBI_makes_it_mandatory_for_companies_to_disclose_promoters'_shares_21-0" class="reference"><a href="#cite_note-SEBI_makes_it_mandatory_for_companies_to_disclose_promoters'_shares-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> In light of the global meltdown, it liberalized the takeover code to facilitate investments by removing regulatory structures. In one such move, SEBI has increased the application limit for retail investors to <span class="nowrap"><span style="white-space: nowrap">₹</span>200,000</span> (US$2,300) from <span class="nowrap"><span style="white-space: nowrap">₹</span>100,000</span> (US$1,200) at present.<sup id="cite_ref-sebi_22-0" class="reference"><a href="#cite_note-sebi-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup> </p><p>On the occasion of World Investor Week 2022, SEBI Executive Director Shri G. P. Garg launched a book on Financial Literacy. This book is a joint effort between Metropolitan Stock Exchange of India Limited and CASI New York.<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Criticism_and_controversies">Criticism and controversies</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=9" title="Edit section: Criticism and controversies"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><a href="/wiki/Supreme_Court_of_India" title="Supreme Court of India">Supreme Court of India</a> heard a <a href="/wiki/Public_Interest_Litigation" class="mw-redirect" title="Public Interest Litigation">Public Interest Litigation</a> (PIL) filed by <a href="/wiki/India_Rejuvenation_Initiative" title="India Rejuvenation Initiative">India Rejuvenation Initiative</a> that had challenged the procedure for key appointments adopted by <a href="/wiki/Govt_of_India" class="mw-redirect" title="Govt of India">Govt of India</a>. The petition alleged that, "The constitution of the search-cum-selection committee for recommending the name of chairman and every whole-time members of SEBI for appointment has been altered, which directly impacted its balance and could compromise the role of the SEBI as a watchdog."<sup id="cite_ref-Is_Sebi's_Autonomy_Under_Threat?_25-0" class="reference"><a href="#cite_note-Is_Sebi's_Autonomy_Under_Threat?-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-PIL_alleges_nexus_in_Sebi_appointments_26-0" class="reference"><a href="#cite_note-PIL_alleges_nexus_in_Sebi_appointments-26"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup> On 21 November 2011, the court allowed petitioners to withdraw the petition and file a fresh petition pointing out constitutional issues regarding appointments of regulators and their independence. The <a href="/wiki/Chief_Justice_of_India" title="Chief Justice of India">Chief Justice of India</a> refused the <a href="/wiki/Ministry_of_Finance_(India)" title="Ministry of Finance (India)">finance ministry's</a> request to dismiss the <a href="/wiki/Public_Interest_Litigation" class="mw-redirect" title="Public Interest Litigation">PIL</a> and said that the court was well aware of what was going on in SEBI.<sup id="cite_ref-Is_Sebi's_Autonomy_Under_Threat?_25-1" class="reference"><a href="#cite_note-Is_Sebi's_Autonomy_Under_Threat?-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-SC_allows_eminent_citizens_to_withdraw_petition_against_SEBI_chief's_appointment_27-0" class="reference"><a href="#cite_note-SC_allows_eminent_citizens_to_withdraw_petition_against_SEBI_chief's_appointment-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup> Hearing a similar petition filed by Bengaluru-based advocate Anil Kumar Agarwal, a two judge Supreme Court bench of Justice <a href="/wiki/Surinder_Singh_Nijjar" class="mw-redirect" title="Surinder Singh Nijjar">Surinder Singh Nijjar</a> and Justice <a href="/wiki/HL_Gokhale" class="mw-redirect" title="HL Gokhale">HL Gokhale</a> issued a notice to the Govt of India, SEBI chief <a href="/wiki/UK_Sinha" class="mw-redirect" title="UK Sinha">UK Sinha</a> and Omita Paul, Secretary to the President of India.<sup id="cite_ref-Notice_to_Centre_on_quo_warranto_against_SEBI_chief_28-0" class="reference"><a href="#cite_note-Notice_to_Centre_on_quo_warranto_against_SEBI_chief-28"><span class="cite-bracket">[</span>28<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-SC_seeks_Centre's_reply_on_PIL_on_Sebi_chairman's_appointment_29-0" class="reference"><a href="#cite_note-SC_seeks_Centre's_reply_on_PIL_on_Sebi_chairman's_appointment-29"><span class="cite-bracket">[</span>29<span class="cite-bracket">]</span></a></sup> </p><p>Further, it came into light that <a href="/wiki/Kandathil_Mathew_Abraham" class="mw-redirect" title="Kandathil Mathew Abraham">Dr. K. M. Abraham</a>(the then whole time member of SEBI Board) had written to the <a href="/wiki/Prime_Minister_of_India" title="Prime Minister of India">Prime Minister</a> about malaise in SEBI. He said, "The regulatory institution is under duress and under severe attack from powerful corporate interests operating concertedly to undermine SEBI". He specifically said that Finance Minister's office, and especially his advisor Omita Paul, were trying to influence many cases before SEBI, including those relating to Sahara Group, Reliance, Bank of Rajasthan and MCX.<sup id="cite_ref-KM_Abraham's_letter_to_PM_30-0" class="reference"><a href="#cite_note-KM_Abraham's_letter_to_PM-30"><span class="cite-bracket">[</span>30<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-Pranab-Chidu_feud_may_be_revived_over_Sebi_chief_PIL_31-0" class="reference"><a href="#cite_note-Pranab-Chidu_feud_may_be_revived_over_Sebi_chief_PIL-31"><span class="cite-bracket">[</span>31<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-32" class="reference"><a href="#cite_note-32"><span class="cite-bracket">[</span>32<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Regulatory_failure,_inaction,_and_incompetence"><span id="Regulatory_failure.2C_inaction.2C_and_incompetence"></span>Regulatory failure, inaction, and incompetence</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=10" title="Edit section: Regulatory failure, inaction, and incompetence"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Several major financial scams have shaken the Indian market, like the <a href="/wiki/Satyam_scam" class="mw-redirect" title="Satyam scam">Satyam scam</a>, <a href="/wiki/IL%26FS" class="mw-redirect" title="IL&FS">IL&FS</a> crisis, <a href="/wiki/Punjab_National_Bank_Scam" title="Punjab National Bank Scam">Punjab National Bank Scam</a>, and <a href="/wiki/NSE_co-location_scam" title="NSE co-location scam">NSE co-location scam</a> Critics argue that SEBI failed to properly monitor these companies or take timely action when irregularities were noticed.<sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">[</span>33<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-sebi_toi_34-0" class="reference"><a href="#cite_note-sebi_toi-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup> There have been instances where market intermediaries engaged in fraudulent activities, which resulted in significant losses for investors.<sup id="cite_ref-sebi_toi_34-1" class="reference"><a href="#cite_note-sebi_toi-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">[</span>35<span class="cite-bracket">]</span></a></sup> SEBI’s monitoring of these intermediaries has been called into question. SEBI has been criticized for its inability to effectively regulate and prevent insider trading, despite having regulations in place. There have been numerous cases where <a href="/wiki/Insider_trading" title="Insider trading">insider trading</a> went undetected for long periods.<sup id="cite_ref-sebi_toi_34-2" class="reference"><a href="#cite_note-sebi_toi-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup> Some believe SEBI hasn't done enough to prevent companies from issuing IPOs (<a href="/wiki/Initial_Public_Offerings" class="mw-redirect" title="Initial Public Offerings">Initial Public Offerings</a>) at inflated prices, which hurts regular investors.<sup id="cite_ref-36" class="reference"><a href="#cite_note-36"><span class="cite-bracket">[</span>36<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">[</span>37<span class="cite-bracket">]</span></a></sup> </p><p><a href="/wiki/Market_manipulation" title="Market manipulation">Market manipulation</a> is an ongoing concern in the Indian stock market, particularly with small-cap and mid-cap stocks, which are more susceptible due to lower trading volumes, less liquidity, and limited market analyst coverage. <a href="/wiki/Pump_and_dump" title="Pump and dump">Pump and dump</a> schemes are a prevalent form of manipulation, where false or misleading statements are used to inflate a stock’s price before the manipulators sell off their shares at a profit, leading to significant losses for unsuspecting investors.<sup id="cite_ref-38" class="reference"><a href="#cite_note-38"><span class="cite-bracket">[</span>38<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-39" class="reference"><a href="#cite_note-39"><span class="cite-bracket">[</span>39<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-40" class="reference"><a href="#cite_note-40"><span class="cite-bracket">[</span>40<span class="cite-bracket">]</span></a></sup> </p><p>The Securities and Exchange Board of India (SEBI) has been criticized for not being able to prevent such manipulations effectively. Reasons include limited resources, reliance on stock exchanges for market data, a lack of a comprehensive legal framework with stringent penalties, slow response times, and a lack of coordination with other regulatory bodies.<sup id="cite_ref-41" class="reference"><a href="#cite_note-41"><span class="cite-bracket">[</span>41<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-42" class="reference"><a href="#cite_note-42"><span class="cite-bracket">[</span>42<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Hindenburg_allegations">Hindenburg allegations</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=11" title="Edit section: Hindenburg allegations"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In August 2024, <a href="/wiki/Hindenburg_Research" title="Hindenburg Research">Hindenburg Research</a>, a <a href="/wiki/Short_(finance)" title="Short (finance)">short-selling</a> activist firm, accused SEBI Chief <a href="/wiki/Madhabi_Puri_Buch" title="Madhabi Puri Buch">Madhabi Puri Buch</a> and her husband of having a stake in offshore entities which invested money into India. They alleged that these same funds, managed by <a href="/wiki/IIFL_Wealth" class="mw-redirect" title="IIFL Wealth">IIFL Wealth</a>, were used by <a href="/wiki/Vinod_Adani" title="Vinod Adani">Vinod Adani</a> to <a href="/wiki/Adani_Group#Stock_manipulation_and_accounting_fraud_allegations" title="Adani Group">artificially inflate shares</a> of companies owned by the <a href="/wiki/Adani_Group" title="Adani Group">Adani Group</a>.<sup id="cite_ref-hind_43-0" class="reference"><a href="#cite_note-hind-43"><span class="cite-bracket">[</span>43<span class="cite-bracket">]</span></a></sup> This put Buch into the spotlight, since SEBI had previously faced difficulties in finding out the <a href="/wiki/Beneficial_ownership" title="Beneficial ownership">beneficial owners</a> of similar <a href="/wiki/Offshore_company" title="Offshore company">off-shore funds</a> that had invested in Adani companies.<sup id="cite_ref-Andy_M_Bloomberg_44-0" class="reference"><a href="#cite_note-Andy_M_Bloomberg-44"><span class="cite-bracket">[</span>44<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-45" class="reference"><a href="#cite_note-45"><span class="cite-bracket">[</span>45<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-46" class="reference"><a href="#cite_note-46"><span class="cite-bracket">[</span>46<span class="cite-bracket">]</span></a></sup> Adani Group calls the claims "malicious, mischievous".<sup id="cite_ref-47" class="reference"><a href="#cite_note-47"><span class="cite-bracket">[</span>47<span class="cite-bracket">]</span></a></sup> India's <a href="/wiki/Leader_of_the_Opposition_in_Lok_Sabha" title="Leader of the Opposition in Lok Sabha">Leader of the Opposition in the Lok Sabha</a>, <a href="/wiki/Rahul_Gandhi" title="Rahul Gandhi">Rahul Gandhi</a>, asked Buch to resign.<sup id="cite_ref-48" class="reference"><a href="#cite_note-48"><span class="cite-bracket">[</span>48<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-49" class="reference"><a href="#cite_note-49"><span class="cite-bracket">[</span>49<span class="cite-bracket">]</span></a></sup> </p><p>Commentators say that while Hindenburg Research did not have compelling evidence of malfeasance, Puri Buch didn't do enough to avoid entirely foreseeable conflict of interest allegations.<sup id="cite_ref-50" class="reference"><a href="#cite_note-50"><span class="cite-bracket">[</span>50<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Regional_Securities_exchanges">Regional Securities exchanges</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=12" title="Edit section: Regional Securities exchanges"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>SEBI in its circular dated 30 May 2012 gave exit – guidelines for Securities exchanges. This was mainly due to illiquid nature of trade on many of 20+ regional Securities exchanges. It had asked many of these exchanges to either meet the required criteria or take a graceful exit. SEBI's new norms for Securities exchanges mandates that it should have minimum net-worth of <span style="white-space: nowrap">₹</span> 1 billion and an annual trading of <span style="white-space: nowrap">₹</span> 10 billion. The Indian Securities market regulator SEBI had given the recognized Securities exchanges two years to comply or exit the business.<sup id="cite_ref-51" class="reference"><a href="#cite_note-51"><span class="cite-bracket">[</span>51<span class="cite-bracket">]</span></a></sup> </p><p>SEBI is cracking down on virtual stock gaming apps popular among retail investors for creating virtual portfolios and competing on real-time stock prices.<sup id="cite_ref-52" class="reference"><a href="#cite_note-52"><span class="cite-bracket">[</span>52<span class="cite-bracket">]</span></a></sup> </p><p>In May, 2024 Sebi started to allow Foreign Portfolio Investors (FPIs) established in GIFT City to accept unlimited investments from Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). After this initiative, NRIs could own100% of a global fund set up at GIFT city which is a special economic zone in Gujrat. <sup id="cite_ref-53" class="reference"><a href="#cite_note-53"><span class="cite-bracket">[</span>53<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Process_of_de-recognition_and_exit">Process of de-recognition and exit</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=13" title="Edit section: Process of de-recognition and exit"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Following is an excerpt from the circular:<sup id="cite_ref-54" class="reference"><a href="#cite_note-54"><span class="cite-bracket">[</span>54<span class="cite-bracket">]</span></a></sup> </p> <ol><li>Exchanges may seek exit through voluntary surrender of recognition.</li> <li>Securities where the annual trading turnover on its own platform is less than <span style="white-space: nowrap">₹</span> 10 billion can apply to SEBI for voluntary surrender of recognition and exit, at any time before the expiry of two years from the date of issuance of this Circular.</li> <li>If the Securities exchange is not able to achieve the prescribed turnover of <span style="white-space: nowrap">₹</span> 10 billion on continuous basis or does not apply for voluntary surrender of recognition and exit before the expiry of two years from the date of this Circular, SEBI shall proceed with compulsory de-recognition and exit of such Securities exchanges, in terms of the conditions as may be specified by SEBI.</li> <li>Securities Exchanges which are already de-recognised as on date, shall make an application for exit within two months from the date of this circular. Upon failure to do so, the de-recognised exchange shall be subject to compulsory exit process.</li></ol> <div class="mw-heading mw-heading2"><h2 id="Departments">Departments</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=14" title="Edit section: Departments"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>SEBI regulates Indian financial market through its 20 departments.<sup id="cite_ref-55" class="reference"><a href="#cite_note-55"><span class="cite-bracket">[</span>55<span class="cite-bracket">]</span></a></sup> </p> <table role="presentation" class="wikitable mw-collapsible mw-collapsed"> <tbody><tr> <td><strong>SEBI Departments</strong> </td></tr> <tr> <td> <ul><li>Commodity Derivatives Market Regulation Department (CDMRD)</li> <li>Corporation Finance Department (CFD)</li> <li>Department of Economic and Policy Analysis (DEPA)</li> <li>Department of Debt and Hybrid Securities (DDHS)</li> <li>Enforcement Department – 1 (EFD1)</li> <li>Enforcement Department – 2 (EFD2)</li> <li>Enquiries and Adjudication Department (EAD)</li> <li>General Services Department (GSD)</li> <li>Human Resources Department (HRD)</li> <li>Information Technology Department (ITD)</li> <li>Integrated Surveillance Department (ISD)</li> <li>Investigations Department (IVD)</li> <li>Investment Management Department (IMD)</li> <li>Legal Affairs Department (LAD)</li> <li>Market Intermediaries Regulation and Supervision Department (MIRSD)</li> <li>Market Regulation Department (MRD)</li> <li>Office of International Affairs (OIA)</li> <li>Office of Investor Assistance and Education (OIAE)</li> <li>Office of the chairman (OCH)</li> <li>Regional offices (ROs)</li></ul> </td></tr></tbody></table> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=15" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1184024115">.mw-parser-output .div-col{margin-top:0.3em;column-width:30em}.mw-parser-output .div-col-small{font-size:90%}.mw-parser-output .div-col-rules{column-rule:1px solid #aaa}.mw-parser-output .div-col dl,.mw-parser-output .div-col ol,.mw-parser-output .div-col ul{margin-top:0}.mw-parser-output .div-col li,.mw-parser-output .div-col dd{page-break-inside:avoid;break-inside:avoid-column}</style><div class="div-col" style="column-width: 30em;"> <ul><li><a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">U.S. Securities and Exchange Commission</a></li> <li><a href="/wiki/Commodity_Futures_Trading_Commission" title="Commodity Futures Trading Commission">Commodity Futures Trading Commission</a></li> <li><a href="/wiki/Financial_Conduct_Authority" title="Financial Conduct Authority">Financial Conduct Authority</a></li> <li><a href="/wiki/Federal_Financial_Supervisory_Authority" title="Federal Financial Supervisory Authority">Federal Financial Supervisory Authority</a></li> <li><a href="/wiki/1992_Indian_stock_market_scam" title="1992 Indian stock market scam">1992 Indian stock market scam</a></li> <li><a href="/wiki/Ketan_Parekh" title="Ketan Parekh">Ketan Parekh</a></li> <li><a href="/wiki/Accounting_scandals" title="Accounting scandals">Accounting scandals</a></li> <li><a href="/wiki/Dot-com_bubble" title="Dot-com bubble">Dot-com bubble</a></li> <li><a href="/wiki/Financial_crisis_of_2007%E2%80%932008" class="mw-redirect" title="Financial crisis of 2007–2008">Financial crisis of 2007–2008</a></li> <li><a href="/wiki/Financial_regulation" title="Financial regulation">Financial regulation</a></li> <li><a href="/wiki/Financial_risk_management" title="Financial risk management">Financial risk management</a></li> <li><a href="/wiki/Forward_Markets_Commission" title="Forward Markets Commission">Forward Markets Commission</a></li> <li><a href="/wiki/Insider_trading" title="Insider trading">Insider trading</a></li> <li><a href="/wiki/Institute_of_Chartered_Accountants_of_India" class="mw-redirect" title="Institute of Chartered Accountants of India">Institute of Chartered Accountants of India</a></li> <li><a href="/wiki/Institute_of_Company_Secretaries_of_India" title="Institute of Company Secretaries of India">Institute of Company Secretaries of India</a></li> <li><a href="/wiki/List_of_financial_regulatory_authorities_by_jurisdiction" title="List of financial regulatory authorities by jurisdiction">List of financial regulatory authorities by jurisdiction</a></li> <li><a href="/wiki/List_of_stock_exchanges_in_the_Commonwealth_of_Nations" title="List of stock exchanges in the Commonwealth of Nations">List of stock exchanges in the Commonwealth of Nations</a></li> <li><a href="/wiki/Market_manipulation" title="Market manipulation">Market manipulation</a></li> <li><a href="/wiki/Regulation_D_(SEC)" title="Regulation D (SEC)">Regulation D (SEC)</a></li> <li><a href="/wiki/Risk_management" title="Risk management">Risk management</a></li> <li><a href="/wiki/Satyam_scandal" title="Satyam scandal">Satyam scandal</a></li> <li><a href="/wiki/Securities_commission" title="Securities commission">Securities commission</a></li> <li><a href="/wiki/Securities_exchange" class="mw-redirect" title="Securities exchange">Securities exchange</a></li></ul> </div> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Securities_and_Exchange_Board_of_India&action=edit&section=16" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-About_SEI-1"><span class="mw-cite-backlink">^ <a href="#cite_ref-About_SEI_1-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-About_SEI_1-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20101003235606/http://www.sebi.gov.in/sebiweb/stpages/about_sebi.jsp">"About SEBI"</a>. SEBI. Archived from <a rel="nofollow" class="external text" href="http://www.sebi.gov.in/sebiweb/stpages/about_sebi.jsp">the original</a> on 3 October 2010<span class="reference-accessdate">. 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Parliament of India. 1992.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=report&rft.btitle=Securities+and+Exchange+Board+of+India+Act%2C+1992&rft.pub=Parliament+of+India&rft.date=1992&rft_id=https%3A%2F%2Fwww.indiacode.nic.in%2Fbitstream%2F123456789%2F1890%2F1%2FAA1992__15secu.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASecurities+and+Exchange+Board+of+India" class="Z3988"></span></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite id="CITEREFSEBI2023" class="citation report cs1">SEBI (28 June 2023). <a rel="nofollow" class="external text" href="https://www.sebi.gov.in/reports-and-statistics/publications/aug-2023/annual-report-2022-23_74990.html">Annual Report, 2022-23</a> (Report)<span class="reference-accessdate">. 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Parliament of India. 1947.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=report&rft.btitle=The+Capital+Issues+%28Control%29+Act%2C+1947&rft.pub=Parliament+of+India&rft.date=1947&rft_id=https%3A%2F%2Fwww.sebi.gov.in%2FHistory%2Fcapitalissue.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASecurities+and+Exchange+Board+of+India" class="Z3988"></span></span> </li> <li id="cite_note-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-7">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.business-standard.com/about/what-is-sebi">"What is SEBI?"</a>. <i>business-standard.com</i>. Business Standard<span class="reference-accessdate">. Retrieved <span class="nowrap">6 January</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=business-standard.com&rft.atitle=What+is+SEBI%3F&rft_id=https%3A%2F%2Fwww.business-standard.com%2Fabout%2Fwhat-is-sebi&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASecurities+and+Exchange+Board+of+India" class="Z3988"></span></span> </li> <li id="cite_note-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-8">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://sebi.gov.in/sebi_data/meetingfiles/jun-2023/1687845757007_1.pdf">"Expanding Investor Reach through Investors' Service Centres (ISCs) in association with Stock Exchanges and disengaging SEBI Local Offices in a phased manner"</a> <span class="cs1-format">(PDF)</span>. <i>sebi.gov.in</i>. SEBI. 28 June 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">6 January</span> 2024</span>. <q>The objective of this memorandum is to (i) update the Board on the setting up and operationalising of Investors' Service Centres (ISCs) by the two leading Stock Exchanges, viz., NSE and BSE out of their own resources/Investor Service Fund (ISF), in 50 different cities and towns of India with SEBI's active association and participation in such ISCs and (ii) seek approval for phasing out 16 out of 17 Local Offices of SEBI in those cities. Four Regional Offices and one Local Office would continue to operate.</q></cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=sebi.gov.in&rft.atitle=Expanding+Investor+Reach+through+Investors%27+Service+Centres+%28ISCs%29+in+association+with+Stock+Exchanges+and+disengaging+SEBI+Local+Offices+in+a+phased+manner&rft.date=2023-06-28&rft_id=https%3A%2F%2Fsebi.gov.in%2Fsebi_data%2Fmeetingfiles%2Fjun-2023%2F1687845757007_1.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASecurities+and+Exchange+Board+of+India" class="Z3988"></span></span> </li> <li id="cite_note-9"><span class="mw-cite-backlink"><b><a href="#cite_ref-9">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite id="CITEREFZachariah2024" class="citation news cs1">Zachariah, Reena (6 January 2024). <a rel="nofollow" class="external text" href="https://m.economictimes.com/markets/stocks/news/sebi-to-close-down-16-smaller-offices/articleshow/101321934.cms">"SEBI to close down 16 smaller offices"</a>. <i>Economic Times</i>. New Delhi<span class="reference-accessdate">. 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Retrieved <span class="nowrap">14 August</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Hindu&rft.atitle=SEBI+chief+Madhabi+Buch%2C+husband+deny+Hindenburg+charge+as+%E2%80%98baseless%E2%80%99%3B+Adani+Group+says+allegations+%E2%80%98malicious%2C+mischievous%E2%80%99&rft.date=2024-08-10&rft.issn=0971-751X&rft_id=https%3A%2F%2Fwww.thehindu.com%2Fnews%2Fnational%2Fsebi-chief-madhabi-buch-husband-deny-hindenburg-allegations-as-baseless%2Farticle68510890.ece&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASecurities+and+Exchange+Board+of+India" class="Z3988"></span></span> </li> <li id="cite_note-48"><span class="mw-cite-backlink"><b><a href="#cite_ref-48">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.livemint.com/market/stock-market-news/why-hasn-t-sebi-chairperson-madhabi-puri-buch-resigned-asks-rahul-gandhi-amid-hindenburg-adani-case-gautam-adani-modi-11723386070233.html">"<span class="cs1-kern-left"></span>'If investors lose their…': Rahul Gandhi targets SEBI's Madhabi Puri Buch, PM Modi and Adani over Hindenburg allegations"</a>. <i><a href="/wiki/Mint_(newspaper)" title="Mint (newspaper)">Mint</a></i>. Livemint. 11 August 2024. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240811153550/https://www.livemint.com/market/stock-market-news/why-hasn-t-sebi-chairperson-madhabi-puri-buch-resigned-asks-rahul-gandhi-amid-hindenburg-adani-case-gautam-adani-modi-11723386070233.html">Archived</a> from the original on 11 August 2024<span class="reference-accessdate">. Retrieved <span class="nowrap">11 August</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Mint&rft.atitle=%E2%80%99If+investors+lose+their%E2%80%A6%E2%80%99%3A+Rahul+Gandhi+targets+SEBI%E2%80%99s+Madhabi+Puri+Buch%2C+PM+Modi+and+Adani+over+Hindenburg+allegations&rft.date=2024-08-11&rft_id=https%3A%2F%2Fwww.livemint.com%2Fmarket%2Fstock-market-news%2Fwhy-hasn-t-sebi-chairperson-madhabi-puri-buch-resigned-asks-rahul-gandhi-amid-hindenburg-adani-case-gautam-adani-modi-11723386070233.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASecurities+and+Exchange+Board+of+India" class="Z3988"></span></span> </li> <li id="cite_note-49"><span class="mw-cite-backlink"><b><a href="#cite_ref-49">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.hindustantimes.com/india-news/rahul-gandhi-warns-of-stock-market-risk-after-new-hindenburg-report-umpire-is-compromised-101723387115466.html">"Rahul Gandhi warns of stock market risk after new Hindenburg report on SEBI chief: 'Umpire is compromised'<span class="cs1-kern-right"></span>"</a>. <i><a href="/wiki/The_Hindustan_Times" class="mw-redirect" title="The Hindustan Times">The Hindustan Times</a></i>. 11 August 2024. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240813202258/https://www.hindustantimes.com/india-news/rahul-gandhi-warns-of-stock-market-risk-after-new-hindenburg-report-umpire-is-compromised-101723387115466.html">Archived</a> from the original on 13 August 2024<span class="reference-accessdate">. Retrieved <span class="nowrap">11 August</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Hindustan+Times&rft.atitle=Rahul+Gandhi+warns+of+stock+market+risk+after+new+Hindenburg+report+on+SEBI+chief%3A+%E2%80%98Umpire+is+compromised%E2%80%99&rft.date=2024-08-11&rft_id=https%3A%2F%2Fwww.hindustantimes.com%2Findia-news%2Frahul-gandhi-warns-of-stock-market-risk-after-new-hindenburg-report-umpire-is-compromised-101723387115466.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASecurities+and+Exchange+Board+of+India" class="Z3988"></span></span> </li> <li id="cite_note-50"><span class="mw-cite-backlink"><b><a href="#cite_ref-50">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.moneylife.in/article/exclusive-shouldnt-sebi-officials-be-subject-to-the-same-standards-of-probity-and-compliance-it-demands-from-market-participants/74896.html">"Shouldn't SEBI Officials Be Subject to the Same Standards of Probity and Compliance It Demands from Market Participants?"</a>. <i>Moneylife</i><span class="reference-accessdate">. Retrieved <span class="nowrap">24 August</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Moneylife&rft.atitle=Shouldn%27t+SEBI+Officials+Be+Subject+to+the+Same+Standards+of+Probity+and+Compliance+It+Demands+from+Market+Participants%3F&rft_id=https%3A%2F%2Fwww.moneylife.in%2Farticle%2Fexclusive-shouldnt-sebi-officials-be-subject-to-the-same-standards-of-probity-and-compliance-it-demands-from-market-participants%2F74896.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASecurities+and+Exchange+Board+of+India" class="Z3988"></span></span> </li> <li id="cite_note-51"><span class="mw-cite-backlink"><b><a href="#cite_ref-51">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite id="CITEREFRukhaiyar2014" class="citation news cs1">Rukhaiyar, Ashish (20 May 2014). <a rel="nofollow" class="external text" href="http://www.livemint.com/Money/foV0xOfxkv4GSJjQ5z1PUL/15-regional-Securities-exchanges-to-shut-operations-as-Sebi-deadl.html">"15 regional Securities exchanges to shut operations as Sebi deadline approaches"</a>. <i>livemint.com/</i><span class="reference-accessdate">. Retrieved <span class="nowrap">15 May</span> 2017</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=livemint.com%2F&rft.atitle=15+regional+Securities+exchanges+to+shut+operations+as+Sebi+deadline+approaches&rft.date=2014-05-20&rft.aulast=Rukhaiyar&rft.aufirst=Ashish&rft_id=http%3A%2F%2Fwww.livemint.com%2FMoney%2FfoV0xOfxkv4GSJjQ5z1PUL%2F15-regional-Securities-exchanges-to-shut-operations-as-Sebi-deadl.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASecurities+and+Exchange+Board+of+India" class="Z3988"></span></span> </li> <li id="cite_note-52"><span class="mw-cite-backlink"><b><a href="#cite_ref-52">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://timesofindia.indiatimes.com/technology/tech-news/sebi-is-banning-apps-that-offer-these-virtual-trading-services/articleshow/110476097.cms">"<span class="cs1-kern-left"></span>"SEBI is banning apps that offer these virtual trading services"<span class="cs1-kern-right"></span>"</a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=%22SEBI+is+banning+apps+that+offer+these+virtual+trading+services%22&rft_id=https%3A%2F%2Ftimesofindia.indiatimes.com%2Ftechnology%2Ftech-news%2Fsebi-is-banning-apps-that-offer-these-virtual-trading-services%2Farticleshow%2F110476097.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASecurities+and+Exchange+Board+of+India" class="Z3988"></span></span> </li> <li id="cite_note-53"><span class="mw-cite-backlink"><b><a href="#cite_ref-53">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite id="CITEREFStandard" class="citation web cs1">Standard, Business. <a rel="nofollow" class="external text" href="http://web.archive.org/web/20240502172119/https://www.business-standard.com/finance/personal-finance/explained-how-sebi-just-made-it-easier-for-nris-to-invest-in-indian-market-124050100114_1.html">"Explained: How Sebi just made it easier for NRIs to invest in Indian market"</a>. <i>www.business-standard.com</i>. Archived from <a rel="nofollow" class="external text" href="https://www.business-standard.com/finance/personal-finance/explained-how-sebi-just-made-it-easier-for-nris-to-invest-in-indian-market-124050100114_1.html">the original</a> on 2 May 2024<span class="reference-accessdate">. Retrieved <span class="nowrap">13 December</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.business-standard.com&rft.atitle=Explained%3A+How+Sebi+just+made+it+easier+for+NRIs+to+invest+in+Indian+market&rft.aulast=Standard&rft.aufirst=Business&rft_id=https%3A%2F%2Fwww.business-standard.com%2Ffinance%2Fpersonal-finance%2Fexplained-how-sebi-just-made-it-easier-for-nris-to-invest-in-indian-market-124050100114_1.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASecurities+and+Exchange+Board+of+India" class="Z3988"></span> <span class="cs1-visible-error citation-comment"><code class="cs1-code">{{<a href="/wiki/Template:Cite_web" title="Template:Cite web">cite web</a>}}</code>: </span><span class="cs1-visible-error citation-comment"><code class="cs1-code">|first=</code> has generic name (<a href="/wiki/Help:CS1_errors#generic_name" title="Help:CS1 errors">help</a>)</span></span> </li> <li 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.navbox{display:none!important}}</style></div><div role="navigation" class="navbox" aria-labelledby="Financial_services_in_India180" style="padding:3px"><table class="nowraplinks hlist mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231" /><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Financial_services_in_India" title="Template:Financial services in India"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Financial_services_in_India" title="Template talk:Financial services in India"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Financial_services_in_India" title="Special:EditPage/Template:Financial services in India"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Financial_services_in_India180" style="font-size:114%;margin:0 4em">Financial services in India</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Banking180" style="font-size:114%;margin:0 4em">Banking</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Commercial<br />banking</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Scheduled_Banks_(India)" title="Scheduled Banks (India)">Scheduled<br />banks</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Commercial</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Private-sector_banks_in_India" class="mw-redirect" title="Private-sector banks in India">Private</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Axis_Bank" title="Axis Bank">Axis</a></li> <li><a href="/wiki/Bandhan_Bank" title="Bandhan Bank">Bandhan</a></li> <li><a href="/wiki/CSB_Bank" title="CSB Bank">CSB</a></li> <li><a href="/wiki/City_Union_Bank" title="City Union Bank">City Union</a></li> <li><a href="/wiki/DCB_Bank" title="DCB Bank">DCB</a></li> <li><a href="/wiki/Dhanlaxmi_Bank" title="Dhanlaxmi Bank">Dhanlaxmi</a></li> <li><a href="/wiki/Federal_Bank" title="Federal Bank">Federal</a></li> <li><a href="/wiki/HDFC_Bank" title="HDFC Bank">HDFC</a></li> <li><a href="/wiki/ICICI_Bank" title="ICICI Bank">ICICI</a></li> <li><a href="/wiki/IDBI_Bank" title="IDBI Bank">IDBI</a></li> <li><a href="/wiki/IDFC_First_Bank" title="IDFC First Bank">IDFC First</a></li> <li><a href="/wiki/IndusInd_Bank" title="IndusInd Bank">IndusInd</a></li> <li><a href="/wiki/Karnataka_Bank" title="Karnataka Bank">Karnataka</a></li> <li><a href="/wiki/Karur_Vysya_Bank" title="Karur Vysya Bank">Karur Vysya</a></li> <li><a href="/wiki/Kotak_Mahindra_Bank" title="Kotak Mahindra Bank">Kotak Mahindra</a></li> <li><a href="/wiki/Nainital_Bank" title="Nainital Bank">Nainital</a></li> <li><a href="/wiki/RBL_Bank" title="RBL Bank">RBL</a></li> <li><a href="/wiki/South_Indian_Bank" title="South Indian Bank">South Indian</a></li> <li><a href="/wiki/Tamilnad_Mercantile_Bank_Limited" class="mw-redirect" title="Tamilnad Mercantile Bank Limited">Tamilnad Mercantile</a></li> <li><a href="/wiki/Yes_Bank" title="Yes Bank">Yes</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Public_sector_banks_in_India" title="Public sector banks in India">PSBs</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Baroda" title="Bank of Baroda">Bank of Baroda</a></li> <li><a href="/wiki/Bank_of_India" title="Bank of India">Bank of India</a></li> <li><a href="/wiki/Canara_Bank" title="Canara Bank">Canara Bank</a></li> <li><a href="/wiki/Central_Bank_of_India" title="Central Bank of India">Central Bank of India</a></li> <li><a href="/wiki/Indian_Bank" title="Indian Bank">Indian Bank</a></li> <li><a href="/wiki/Indian_Overseas_Bank" title="Indian Overseas Bank">Indian Overseas Bank</a></li> <li><a href="/wiki/Jammu_%26_Kashmir_Bank" title="Jammu & Kashmir Bank">Jammu & Kashmir Bank</a></li> <li><a href="/wiki/Punjab_%26_Sind_Bank" title="Punjab & Sind Bank">Punjab & Sind Bank</a></li> <li><a href="/wiki/Punjab_National_Bank" title="Punjab National Bank">Punjab National Bank</a></li> <li><a href="/wiki/State_Bank_of_India" title="State Bank of India">State Bank of India</a></li> <li><a href="/wiki/UCO_Bank" title="UCO Bank">UCO Bank</a></li> <li><a href="/wiki/Union_Bank_of_India" title="Union Bank of India">Union Bank of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Foreign</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Branches</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/ABN_AMRO" title="ABN AMRO">ABN AMRO</a></li> <li><a href="/wiki/Abu_Dhabi_Commercial_Bank" class="mw-redirect" title="Abu Dhabi Commercial Bank">Abu Dhabi Commercial Bank</a></li> <li><a href="/wiki/Antwerp_Diamond_Bank" title="Antwerp Diamond Bank">Antwerp Diamond Bank</a></li> <li><a href="/wiki/ANZ_(bank)" title="ANZ (bank)">ANZ</a></li> <li><a href="/wiki/Bank_Maybank_Indonesia" title="Bank Maybank Indonesia">Bank Maybank Indonesia</a></li> <li><a href="/wiki/Bank_of_America" title="Bank of America">Bank of America</a></li> <li><a href="/wiki/Bank_of_Bahrain_and_Kuwait" title="Bank of Bahrain and Kuwait">Bank of Bahrain and Kuwait</a></li> <li><a href="/wiki/Bank_of_Ceylon" title="Bank of Ceylon">Bank of Ceylon</a></li> <li><a href="/wiki/Barclays" title="Barclays">Barclays</a></li> <li><a href="/wiki/Citibank_India" title="Citibank India">Citibank</a></li> <li><a href="/wiki/Credit_Suisse" title="Credit Suisse">Credit Suisse</a></li> <li><a href="/wiki/Deutsche_Bank" title="Deutsche Bank">Deutsche Bank</a></li> <li><a href="/wiki/HSBC_Bank_India" title="HSBC Bank India">HSBC</a></li> <li><a href="/wiki/MUFG_Bank" title="MUFG Bank">MUFG Bank</a></li> <li><a href="/wiki/Rabobank" title="Rabobank">Rabobank</a></li> <li><a href="/wiki/Royal_Bank_of_Scotland" title="Royal Bank of Scotland">Royal Bank of Scotland</a></li> <li><a href="/wiki/Scotiabank" title="Scotiabank">Scotiabank</a></li> <li><a href="/wiki/Standard_Chartered" title="Standard Chartered">Standard Chartered</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Subsidiaries</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/DBS_Bank" title="DBS Bank">DBS Bank</a></li> <li><a href="/wiki/State_Bank_of_Mauritius" title="State Bank of Mauritius">State Bank of Mauritius</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Regional_Rural_Bank" class="mw-redirect" title="Regional Rural Bank">RRBs</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Andhra_Pradesh_Grameena_Vikas_Bank" title="Andhra Pradesh Grameena Vikas Bank">Andhra Pradesh Grameena Vikas Bank</a></li> <li><a href="/wiki/Andhra_Pragathi_Grameena_Bank" title="Andhra Pragathi Grameena Bank">Andhra Pragathi Grameena Bank</a></li> <li><a href="/wiki/Assam_Gramin_Vikash_Bank" title="Assam Gramin Vikash Bank">Assam Gramin Vikash Bank</a></li> <li><a href="/wiki/Bangiya_Gramin_Vikash_Bank" title="Bangiya Gramin Vikash Bank">Bangiya Gramin Vikash Bank</a></li> <li><a href="/wiki/Kerala_Gramin_Bank" title="Kerala Gramin Bank">Kerala Gramin Bank</a></li> <li><a href="/wiki/North_Malabar_Gramin_Bank" title="North Malabar Gramin Bank">North Malabar Gramin Bank</a></li> <li><a href="/wiki/Mizoram_Rural_Bank" title="Mizoram Rural Bank">Mizoram Rural Bank</a></li> <li><a href="/wiki/Pallavan_Grama_Bank" class="mw-redirect" title="Pallavan Grama Bank">Pallavan Grama Bank</a></li> <li><a href="/wiki/Pandyan_Grama_Bank" class="mw-redirect" title="Pandyan Grama Bank">Pandyan Grama Bank</a></li> <li><a href="/wiki/Paschim_Banga_Gramin_Bank" title="Paschim Banga Gramin Bank">Paschim Banga Gramin Bank</a></li> <li><a href="/wiki/South_Malabar_Gramin_Bank" title="South Malabar Gramin Bank">South Malabar Gramin Bank</a></li> <li><a href="/wiki/Uttar_Bihar_Gramin_Bank" title="Uttar Bihar Gramin Bank">Uttar Bihar Gramin Bank</a></li> <li><a href="/wiki/Uttarakhand_Gramin_Bank" title="Uttarakhand Gramin Bank">Uttarakhand Gramin Bank</a></li> <li><a href="/wiki/Vananchal_Gramin_Bank" class="mw-redirect" title="Vananchal Gramin Bank">Vananchal Gramin Bank</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Cooperative_banking" title="Cooperative banking">Cooperative</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/District_Co-operative_Central_Bank" title="District Co-operative Central Bank">District Co-operative Central Bank </a></li> <li><a href="/wiki/Buldana_Urban_Cooperative_Credit_Society" title="Buldana Urban Cooperative Credit Society">Buldhana Urban</a></li> <li><a href="/wiki/Cosmos_Bank" class="mw-redirect" title="Cosmos Bank">Cosmos Bank</a></li> <li><a href="/wiki/Mizoram_Co-operative_Apex_Bank" title="Mizoram Co-operative Apex Bank">Mizoram Co-operative Apex Bank</a></li> <li><a href="/wiki/Rajkot_Nagrik_Sahakari_Bank" class="mw-redirect" title="Rajkot Nagrik Sahakari Bank">Rajkot Nagrik Sahakari Bank</a></li> <li><a href="/wiki/Repco_Bank" title="Repco Bank">Repco Bank</a></li> <li><a href="/wiki/Saraswat_Bank" class="mw-redirect" title="Saraswat Bank">Saraswat Bank</a></li> <li><a href="/wiki/Shamrao_Vithal_Co-operative_Bank" title="Shamrao Vithal Co-operative Bank">Shamrao Vithal Co-operative Bank</a></li> <li><a href="/wiki/TNSC_Bank" title="TNSC Bank">TNSC Bank</a></li> <li><a href="/w/index.php?title=Www.ccbankchennai.com&action=edit&redlink=1" class="new" title="Www.ccbankchennai.com (page does not exist)">Chennai Central Cooperative Bank</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/List_of_regional_rural_banks_in_Uttar_Pradesh" title="List of regional rural banks in Uttar Pradesh">Uttar Pradesh</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Allahabad_UP_Gramin_Bank" title="Allahabad UP Gramin Bank">Allahabad UP Gramin Bank</a></li> <li><a href="/wiki/Gramin_Bank_of_Aryavart" title="Gramin Bank of Aryavart">Gramin Bank of Aryavart</a></li> <li><a href="/wiki/Sarva_UP_Gramin_Bank" class="mw-redirect" title="Sarva UP Gramin Bank">Sarva UP Gramin Bank</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Niche<br />banks</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Small_finance_bank" title="Small finance bank">SFBs</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/AU_Small_Finance_Bank" title="AU Small Finance Bank">AU</a></li> <li><a href="/wiki/Capital_Small_Finance_Bank" title="Capital Small Finance Bank">Capital</a></li> <li><a href="/wiki/ESAF_Small_Finance_Bank" title="ESAF Small Finance Bank">ESAF</a></li> <li><a href="/wiki/Equitas_Small_Finance_Bank" title="Equitas Small Finance Bank">Equitas</a></li> <li><a href="/wiki/Fincare_Small_Finance_Bank" class="mw-redirect" title="Fincare Small Finance Bank">Fincare</a></li> <li><a href="/wiki/Jana_Small_Finance_Bank" title="Jana Small Finance Bank">Jana</a></li> <li><a href="/wiki/North_East_Small_Finance_Bank" class="mw-redirect" title="North East Small Finance Bank">North East</a></li> <li><a href="/wiki/Suryoday_Small_Finance_Bank" class="mw-redirect" title="Suryoday Small Finance Bank">Suryoday</a></li> <li><a href="/wiki/Ujjivan_Small_Finance_Bank" title="Ujjivan Small Finance Bank">Ujjivan</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Payments_bank" title="Payments bank">Payments<br />banks</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Airtel_Payments_Bank_Limited" class="mw-redirect" title="Airtel Payments Bank Limited">Airtel</a></li> <li><a href="/w/index.php?title=Fino_Payments_Bank_Limited&action=edit&redlink=1" class="new" title="Fino Payments Bank Limited (page does not exist)">Fino</a></li> <li><a href="/wiki/National_Securities_Depository_Limited" title="National Securities Depository Limited">NSDL Payments Bank Limited</a></li> <li><a href="/wiki/India_Post_Payments_Bank" title="India Post Payments Bank">India Post</a></li> <li><a href="/wiki/Jio_Payments_Bank_Limited" class="mw-redirect" title="Jio Payments Bank Limited">Jio</a></li> <li><a href="/wiki/Paytm_Payments_Bank" title="Paytm Payments Bank">Paytm</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Surrendered licencees</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Sun_Pharmaceuticals" class="mw-redirect" title="Sun Pharmaceuticals">Sun Pharmaceuticals</a></li> <li><a href="/wiki/Tech_Mahindra" title="Tech Mahindra">Tech Mahindra</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Wound up</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Aditya_Birla_Payments_Bank" title="Aditya Birla Payments Bank">Aditya Birla</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Defunct<br />banks</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Merged30" scope="row" class="navbox-group" style="width:1%">Merged</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">PSB</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/New_Bank_of_India" title="New Bank of India">New Bank of India</a></li> <li><a href="/wiki/Dena_Bank" title="Dena Bank">Dena Bank</a></li> <li><a href="/wiki/Vijaya_Bank" title="Vijaya Bank">Vijaya Bank</a></li> <li><a href="/wiki/Allahabad_Bank" title="Allahabad Bank">Allahabad Bank</a></li> <li><a href="/wiki/Andhra_Bank" title="Andhra Bank">Andhra Bank</a></li> <li><a href="/wiki/Corporation_Bank" title="Corporation Bank">Corporation Bank</a></li> <li><a href="/wiki/Oriental_Bank_of_Commerce" title="Oriental Bank of Commerce">Oriental Bank of Commerce</a></li> <li><a href="/wiki/United_Bank_of_India" title="United Bank of India">United Bank of India</a></li> <li><a href="/wiki/Syndicate_Bank" title="Syndicate Bank">Syndicate Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">SBI</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Bombay" title="Bank of Bombay">Bank of Bombay</a></li> <li><a href="/wiki/Bank_of_Calcutta" title="Bank of Calcutta">Bank of Calcutta</a></li> <li><a href="/wiki/Bank_of_Madras" title="Bank of Madras">Bank of Madras</a></li> <li><a href="/wiki/Imperial_Bank_of_India" title="Imperial Bank of India">Imperial Bank of India</a></li> <li><a href="/wiki/State_Bank_of_Bikaner_%26_Jaipur" title="State Bank of Bikaner & Jaipur">State Bank of Bikaner & Jaipur</a></li> <li><a href="/wiki/State_Bank_of_Hyderabad" title="State Bank of Hyderabad">State Bank of Hyderabad</a></li> <li><a href="/wiki/State_Bank_of_Indore" title="State Bank of Indore">State Bank of Indore</a></li> <li><a href="/wiki/State_Bank_of_Mysore" title="State Bank of Mysore">State Bank of Mysore</a></li> <li><a href="/wiki/State_Bank_of_Patiala" title="State Bank of Patiala">State Bank of Patiala</a></li> <li><a href="/wiki/State_Bank_of_Saurashtra" title="State Bank of Saurashtra">State Bank of Saurashtra</a></li> <li><a href="/wiki/State_Bank_of_Travancore" title="State Bank of Travancore">State Bank of Travancore</a></li> <li><a href="/wiki/Bharatiya_Mahila_Bank" title="Bharatiya Mahila Bank">Bharatiya Mahila Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Rescued</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Global_Trust_Bank_(India)" title="Global Trust Bank (India)">Global Trust Bank</a></li> <li><a href="/wiki/Lakshmi_Vilas_Bank" title="Lakshmi Vilas Bank">Lakshmi Vilas Bank</a></li> <li><a href="/wiki/Nedungadi_Bank" title="Nedungadi Bank">Nedungadi Bank</a></li> <li><a href="/wiki/United_Western_Bank" title="United Western Bank">United Western Bank</a></li> <li><a href="/wiki/United_Industrial_Bank" title="United Industrial Bank">United Industrial Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Acquired</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Madura" title="Bank of Madura">Bank of Madura</a></li> <li><a href="/wiki/Bank_of_Rajasthan" title="Bank of Rajasthan">Bank of Rajasthan</a></li> <li><a href="/wiki/Bengal_Central_Bank" title="Bengal Central Bank">Bengal Central Bank</a></li> <li><a href="/wiki/Centurion_Bank_of_Punjab" title="Centurion Bank of Punjab">Centurion Bank of Punjab</a></li> <li><a href="/wiki/Chartered_Bank_of_India,_Australia_and_China" title="Chartered Bank of India, Australia and China">Chartered Bank of India, Australia and China</a></li> <li><a href="/wiki/Grindlays_Bank" title="Grindlays Bank">Grindlays Bank</a> <ul><li><a href="/wiki/National_Bank_of_India" class="mw-redirect" title="National Bank of India">National Bank of India</a></li></ul></li> <li><a href="/wiki/ING_Vysya_Bank" title="ING Vysya Bank">ING Vysya Bank</a></li> <li><a href="/wiki/Mercantile_Bank_of_India,_London_and_China" title="Mercantile Bank of India, London and China">Mercantile Bank of India, London and China</a></li> <li><a href="/wiki/Lord_Krishna_Bank" title="Lord Krishna Bank">Lord Krishna Bank</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="PSB3" scope="row" class="navbox-group" style="width:1%">PSB</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bharat_Overseas_Bank" title="Bharat Overseas Bank">Bharat Overseas Bank</a></li> <li><a href="/wiki/Pandyan_Bank" title="Pandyan Bank">Pandyan Bank</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Wound up</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Chettinad" title="Bank of Chettinad">Bank of Chettinad</a></li> <li><a href="/wiki/Dass_Bank" title="Dass Bank">Dass Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Failed</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Alliance_Bank_of_Simla" title="Alliance Bank of Simla">Alliance Bank of Simla</a></li> <li><a href="/wiki/Arbuthnot_%26_Co" title="Arbuthnot & Co">Arbuthnot & Co</a></li> <li><a href="/wiki/Commercial_Bank_of_India" title="Commercial Bank of India">Commercial Bank of India</a></li> <li><a href="/wiki/Exchange_Bank_of_India_%26_Africa" title="Exchange Bank of India & Africa">Exchange Bank of India & Africa</a></li> <li><a href="/wiki/Oriental_Bank_Corporation" title="Oriental Bank Corporation">(New) Oriental Bank Corporation</a></li> <li><a href="/wiki/Oudh_Commercial_Bank" title="Oudh Commercial Bank">Oudh Commercial Bank</a></li> <li><a href="/wiki/Madhavpura_Mercantile_Cooperative_Bank" title="Madhavpura Mercantile Cooperative Bank">Madhavpura Mercantile Cooperative Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Liquidated</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Hindostan" title="Bank of Hindostan">Bank of Hindostan</a></li> <li><a href="/wiki/Nath_Bank" title="Nath Bank">Nath Bank</a></li> <li><a href="/wiki/Palai_Central_Bank" title="Palai Central Bank">Palai Central Bank</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Networks</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Interbank_network" title="Interbank network">Interbank networks</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Cirrus_(interbank_network)" title="Cirrus (interbank network)">Cirrus</a></li> <li><a href="/wiki/National_Financial_Switch" title="National Financial Switch">NFS</a></li> <li><a href="/wiki/Plus_(interbank_network)" title="Plus (interbank network)">PLUS</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Interbank_network" title="Interbank network">ATM networks</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Banks_ATM_Network_and_Customer_Services" title="Banks ATM Network and Customer Services">BANCS</a></li> <li><a href="/wiki/Cashnet" title="Cashnet">Cashnet</a></li> <li><a href="/wiki/CashTree" title="CashTree">CashTree</a></li> <li><a href="/wiki/MITR_ATM_Sharing_Network" title="MITR ATM Sharing Network">MITR</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Financial_technology" class="mw-redirect" title="Financial technology">Financial<br />technology</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Electronic_funds_transfer" title="Electronic funds transfer">Online transfers</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bharat_Bill_Payment_System" class="mw-redirect" title="Bharat Bill Payment System">BBPS</a></li> <li><a href="/wiki/Immediate_Payment_Service" title="Immediate Payment Service">IMPS</a></li> <li><a href="/wiki/National_Electronic_Funds_Transfer" title="National Electronic Funds Transfer">NEFT</a></li> <li><a href="/wiki/Real-time_gross_settlement" title="Real-time gross settlement">RTGS</a></li> <li><a href="/wiki/Unified_Payments_Interface" title="Unified Payments Interface">UPI</a></li> <li><a href="/wiki/Aadhaar_Enabled_Payment_System" class="mw-redirect" title="Aadhaar Enabled Payment System">AEPS</a></li> <li><a href="/wiki/Bharat_Interface_for_Money" class="mw-redirect" title="Bharat Interface for Money">BHIM</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Payment_card" title="Payment card">Cards</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/MasterCard" class="mw-redirect" title="MasterCard">MasterCard</a> <ul><li><a href="/wiki/Debit_MasterCard" class="mw-redirect" title="Debit MasterCard">Debit MasterCard</a></li> <li><a href="/wiki/Maestro_(debit_card)" title="Maestro (debit card)">Maestro</a></li></ul></li> <li><a href="/wiki/RuPay" title="RuPay">RuPay</a></li> <li><a href="/wiki/Visa_Inc." title="Visa Inc.">Visa</a> <ul><li><a href="/wiki/Visa_Debit" title="Visa Debit">Visa Debit</a></li> <li><a href="/wiki/Visa_Electron" title="Visa Electron">Visa Electron</a></li> <li><a href="/wiki/Visa_payWave" class="mw-redirect" title="Visa payWave">Visa payWave</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Payment service</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Atom_Technologies" class="mw-redirect" title="Atom Technologies">Atom</a></li> <li><a href="/wiki/Bharat_Interface_for_Money" class="mw-redirect" title="Bharat Interface for Money">BHIM</a></li> <li><a href="/wiki/BillDesk" title="BillDesk">BillDesk</a></li> <li><a href="/wiki/Infibeam" title="Infibeam">CCAvenue</a></li> <li><a href="/wiki/Google_Pay_(payment_method)" title="Google Pay (payment method)">Google Pay</a></li> <li><a href="/wiki/Zeta_India" class="mw-redirect" title="Zeta India">Zeta India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Digital_wallets" class="mw-redirect" title="Digital wallets">Digital wallets</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Amazon_Pay" title="Amazon Pay">Amazon Pay</a></li> <li><a href="/wiki/Freecharge" title="Freecharge">Freecharge</a></li> <li><a href="/wiki/Mobikwik" class="mw-redirect" title="Mobikwik">Mobikwik</a></li> <li><a href="/wiki/Oxigen_Services" title="Oxigen Services">Oxigen Services</a></li> <li><a href="/wiki/Payoneer" title="Payoneer">Payoneer</a></li> <li><a href="/wiki/Paytm_Payments_Bank" title="Paytm Payments Bank">Paytm</a></li> <li><a href="/wiki/PayU" title="PayU">PayU</a></li> <li><a href="/wiki/Payworld" title="Payworld">Payworld</a></li> <li><a href="/wiki/PhonePe" title="PhonePe">PhonePe</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/ATM_usage_fees#India" title="ATM usage fees">ATM usage fees</a></li> <li><a href="/wiki/Demat_account" title="Demat account">De-Materialisation (De-Mat)</a></li> <li><a href="/wiki/Foreign_exchange_market" title="Foreign exchange market">Foreign Exchange (ForEx)</a></li> <li><a href="/wiki/Indian_Financial_System_Code" title="Indian Financial System Code">Indian Financial System Code (IFSC)</a></li> <li><a href="/wiki/List_of_banks_in_India" title="List of banks in India">List of banks</a></li> <li><a href="/wiki/National_Unified_USSD_Platform" title="National Unified USSD Platform">National Unified USSD Platform (NUUP)</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Protocol8" scope="row" class="navbox-group" style="width:1%">Protocol</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bharat_Bill_Payment_System" class="mw-redirect" title="Bharat Bill Payment System">BBPS</a></li> <li><a href="/wiki/Structured_Financial_Messaging_System" title="Structured Financial Messaging System">Structured Financial Messaging System (SFMS)</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Investment<br />banking</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/w/index.php?title=A_K_Capital_Services&action=edit&redlink=1" class="new" title="A K Capital Services (page does not exist)">A.K. Capital Services Ltd.</a></li> <li><a href="/w/index.php?title=Ambit_Capital&action=edit&redlink=1" class="new" title="Ambit Capital (page does not exist)">Ambit Corporate Finance Pvt.Ltd.</a></li> <li><a href="/w/index.php?title=Anand_Rathi&action=edit&redlink=1" class="new" title="Anand Rathi (page does not exist)">Anand Rathi Advisors Ltd.</a></li> <li><a href="/w/index.php?title=Ashika_Capital&action=edit&redlink=1" class="new" title="Ashika Capital (page does not exist)">Ashika Capital Ltd.</a></li> <li><a href="/w/index.php?title=Avendus_Capital&action=edit&redlink=1" class="new" title="Avendus Capital (page does not exist)">Avendus Capital Pvt.Ltd.</a></li> <li><a href="/wiki/Axis_Bank" title="Axis Bank">Axis Bank Ltd.</a></li> <li><a href="/wiki/Axis_Bank#Axis_Capital_Ltd." title="Axis Bank">Axis Capital Ltd.</a></li> <li><a href="/wiki/Barclays" title="Barclays">Barclays Bank Plc</a></li> <li><a href="/w/index.php?title=Bcb_Brokerage&action=edit&redlink=1" class="new" title="Bcb Brokerage (page does not exist)">Bcb Brokerage Pvt.Ltd.</a></li> <li><a href="/w/index.php?title=Birla_Capital_%26_Financial_Services&action=edit&redlink=1" class="new" title="Birla Capital & Financial Services (page does not exist)">Birla Capital & Financial Services Ltd.</a></li> <li><a href="/wiki/BNP_Paribas" title="BNP Paribas">BNP Paribas</a></li> <li><a href="/wiki/BOB_Capital_Markets" class="mw-redirect" title="BOB Capital Markets">Bob Capital Markets Ltd.</a></li> <li><a href="/wiki/Bank_of_India" title="Bank of India">Boi Merchant Bankers Ltd.</a></li> <li><a href="/wiki/Canara_Bank" title="Canara Bank">Canara Bank</a></li> <li><a href="/w/index.php?title=Central_Bank_Of_India&action=edit&redlink=1" class="new" title="Central Bank Of India (page does not exist)">Central Bank Of India</a></li> <li><a href="/w/index.php?title=Centrum_Capital&action=edit&redlink=1" class="new" title="Centrum Capital (page does not exist)">Centrum Capital Ltd.</a></li> <li><a href="/w/index.php?title=Chartered_Finance_Management&action=edit&redlink=1" class="new" title="Chartered Finance Management (page does not exist)">Chartered Finance Management Ltd.</a></li> <li><a href="/w/index.php?title=Choice_Capital_Advisors&action=edit&redlink=1" class="new" title="Choice Capital Advisors (page does not exist)">Choice Capital Advisors Pvt.Ltd.</a></li> <li><a href="/wiki/Citigroup" title="Citigroup">Citigroup Global Markets India Pvt.Ltd.</a></li> <li><a href="/wiki/Credit_Suisse" title="Credit Suisse">Credit Suisse Securities (India) Pvt.Ltd.</a></li> <li><a href="/wiki/Deutsche_Bank" title="Deutsche Bank">Deutsche Equities India Pvt.Ltd.</a></li> <li><a href="/w/index.php?title=DSP_Merrill_Lynch&action=edit&redlink=1" class="new" title="DSP Merrill Lynch (page does not exist)">DSP Merrill Lynch Ltd.</a></li> <li><a href="/wiki/Edelweiss_Group" title="Edelweiss Group">Edelweiss Financial Services Ltd.</a></li> <li><a href="/wiki/Ernst_%26_Young" title="Ernst & Young">Ernst & Young Merchant Banking Services Pvt.Ltd.</a></li> <li><a href="/wiki/HDFC_Bank" title="HDFC Bank">HDFC Bank Ltd.</a></li> <li><a href="/wiki/HSBC" title="HSBC">HSBC Securities & Capital Markets (India) Pvt.Ltd.</a></li> <li><a href="/wiki/ICICI_Securities" class="mw-redirect" title="ICICI Securities">ICICI Securities Ltd.</a></li> <li><a href="/wiki/IDBI_Capital" class="mw-redirect" title="IDBI Capital">IDBI Capital Market Services Ltd.</a></li> <li><a href="/wiki/Infrastructure_Development_Finance_Company" title="Infrastructure Development Finance Company">IDFC Securities Ltd.</a></li> <li><a href="/wiki/India_Infoline" title="India Infoline">IIFL Holdings Ltd.</a></li> <li><a href="/wiki/Infrastructure_Leasing_%26_Financial_Services" title="Infrastructure Leasing & Financial Services">Il&Fs Capital Advisors Ltd.</a></li> <li><a href="/wiki/Indian_Overseas_Bank" title="Indian Overseas Bank">Indian Overseas Bank</a></li> <li><a href="/w/index.php?title=Inga_Capital&action=edit&redlink=1" class="new" title="Inga Capital (page does not exist)">Inga Capital Pvt.Ltd.</a></li> <li><a href="/wiki/Jefferies_Group" title="Jefferies Group">Jefferies India Pvt.Ltd.</a></li> <li><a href="/wiki/JM_Financial" title="JM Financial">JM Financial Institutional Securities Ltd.</a></li> <li><a href="/w/index.php?title=JP_Morgan_India&action=edit&redlink=1" class="new" title="JP Morgan India (page does not exist)">JP Morgan India Pvt.Ltd.</a></li> <li><a href="/wiki/Karvy_Corporate" title="Karvy Corporate">Karvy Investor Services Ltd.</a></li> <li><a href="/w/index.php?title=Keynote_Corporate_Services&action=edit&redlink=1" class="new" title="Keynote Corporate Services (page does not exist)">Keynote Corporate Services Ltd.</a></li> <li><a href="/w/index.php?title=KJMC_Corporate_Advisors&action=edit&redlink=1" class="new" title="KJMC Corporate Advisors (page does not exist)">KJMC Corporate Advisors (India) Ltd.</a></li> <li><a href="/wiki/Kotak_Mahindra_Bank" title="Kotak Mahindra Bank">Kotak Mahindra Capital Co.Ltd.</a></li> <li><a href="/wiki/Lazard" title="Lazard">Lazard India Pvt.Ltd.</a></li> <li><a href="/wiki/Morgan_Stanley" title="Morgan Stanley">Morgan Stanley India Co.Pvt.Ltd.</a></li> <li><a href="/wiki/Motilal_Oswal_Financial_Services" title="Motilal Oswal Financial Services">Motilal Oswal Investment Advisors Pvt. Ltd.</a></li> <li><a href="/w/index.php?title=Munoth_Financial_Services&action=edit&redlink=1" class="new" title="Munoth Financial Services (page does not exist)">Munoth Financial Services Ltd.</a></li> <li><a href="/w/index.php?title=Pantomath_Capital_Advisors&action=edit&redlink=1" class="new" title="Pantomath Capital Advisors (page does not exist)">Pantomath Capital Advisors Pvt.Ltd.</a></li> <li><a href="/wiki/Religare" title="Religare">Religare Capital Markets Ltd.</a></li> <li><a href="/wiki/Rothschild_%26_Co" title="Rothschild & Co">Rothschild (India) Pvt.Ltd.</a></li> <li><a href="/w/index.php?title=Saffron_Capital_Advisors&action=edit&redlink=1" class="new" title="Saffron Capital Advisors (page does not exist)">Saffron Capital Advisors Pvt.Ltd.</a></li> <li><a href="/wiki/SBI_Capital_Markets" title="SBI Capital Markets">SBI Capital Markets Ltd.</a></li> <li><a href="/w/index.php?title=SMC_Capitals&action=edit&redlink=1" class="new" title="SMC Capitals (page does not exist)">SMC Capitals Ltd.</a></li> <li><a href="/w/index.php?title=Trust_Investment_Advisors&action=edit&redlink=1" class="new" title="Trust Investment Advisors (page does not exist)">Trust Investment Advisors Pvt.Ltd.</a></li> <li><a href="/wiki/UBS" title="UBS">UBS Securities India Pvt.Ltd.</a></li> <li><a href="/w/index.php?title=Union_Bank_Of_India&action=edit&redlink=1" class="new" title="Union Bank Of India (page does not exist)">Union Bank Of India</a></li> <li><a href="/w/index.php?title=Vivro_Financial_Services&action=edit&redlink=1" class="new" title="Vivro Financial Services (page does not exist)">Vivro Financial Services Pvt.Ltd.</a></li> <li><a href="/wiki/Yes_Bank" title="Yes Bank">Yes Bank Ltd.</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Institutions</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/SIDBI" class="mw-redirect" title="SIDBI">SIDBI</a></li> <li><a href="/wiki/National_Bank_for_Agriculture_and_Rural_Development" title="National Bank for Agriculture and Rural Development">NABARD</a></li> <li><a href="/w/index.php?title=Exim_Bank_(India)&action=edit&redlink=1" class="new" title="Exim Bank (India) (page does not exist)">EXIM</a></li> <li><a href="/wiki/IFCI_Ltd" title="IFCI Ltd">IFCI</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Asset_management180" style="font-size:114%;margin:0 4em">Asset management</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Hedge funds</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>True Beacon</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Mutual funds</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Axis_Mutual_Fund" title="Axis Mutual Fund">Axis</a></li> <li><a href="/w/index.php?title=Baroda_Pioneer_Asset_Management_Company&action=edit&redlink=1" class="new" title="Baroda Pioneer Asset Management Company (page does not exist)">Baroda Pioneer</a></li> <li><a href="/wiki/BNP_Paribas#Investment_solutions" title="BNP Paribas">BNP Paribas</a></li> <li><a href="/w/index.php?title=BOI_AXA_Asset_Management_Company&action=edit&redlink=1" class="new" title="BOI AXA Asset Management Company (page does not exist)">BOI AXA</a></li> <li><a href="/w/index.php?title=Canara_Robeco_Asset_Management_Company&action=edit&redlink=1" class="new" title="Canara Robeco Asset Management Company (page does not exist)">Canara Robeco</a></li> <li><a href="/wiki/PGIM" title="PGIM">PGIM</a></li> <li><a href="/w/index.php?title=DHFL_Pramerica_Asset_Management_Company&action=edit&redlink=1" class="new" title="DHFL Pramerica Asset Management Company (page does not exist)">DHFL Pramerica</a></li> <li><a href="/w/index.php?title=DSP_Asset_Management_Company&action=edit&redlink=1" class="new" title="DSP Asset Management Company (page does not exist)">DSP</a></li> <li><a href="/w/index.php?title=Edelweiss_Asset_Management_Company&action=edit&redlink=1" class="new" title="Edelweiss Asset Management Company (page does not exist)">Edelweiss</a></li> <li><a href="/w/index.php?title=Escorts_Asset_Management_Company&action=edit&redlink=1" class="new" title="Escorts Asset Management Company (page does not exist)">Escorts</a></li> <li><a href="/wiki/Franklin_Templeton_Investments" title="Franklin Templeton Investments">Franklin Templeton Investments</a></li> <li><a href="/w/index.php?title=Goldman_Sachs_Asset_Management_Company&action=edit&redlink=1" class="new" title="Goldman Sachs Asset Management Company (page does not exist)">Goldman Sachs</a></li> <li><a href="/w/index.php?title=HDFC_AMC&action=edit&redlink=1" class="new" title="HDFC AMC (page does not exist)">HDFC AMC</a></li> <li><a href="/w/index.php?title=HSBC_Global_Asset_Management_Company&action=edit&redlink=1" class="new" title="HSBC Global Asset Management Company (page does not exist)">HSBC Global</a></li> <li><a href="/wiki/ICICI_Prudential_Mutual_Fund" title="ICICI Prudential Mutual Fund">ICICI Prudential</a></li> <li><a href="/w/index.php?title=IDBI_Asset_Management_Company&action=edit&redlink=1" class="new" title="IDBI Asset Management Company (page does not exist)">IDBI</a></li> <li><a href="/w/index.php?title=IDFC_Asset_Management_Company&action=edit&redlink=1" class="new" title="IDFC Asset Management Company (page does not exist)">IDFC</a></li> <li><a href="/w/index.php?title=IIFCL_Asset_Management&action=edit&redlink=1" class="new" title="IIFCL Asset Management (page does not exist)">IIFCL Asset Management</a></li> <li><a href="/w/index.php?title=IIFL_Asset_Management_Company&action=edit&redlink=1" class="new" title="IIFL Asset Management Company (page does not exist)">IIFL</a></li> <li><a href="/w/index.php?title=IL_%26_FS_Infra_Asset_Management_Company&action=edit&redlink=1" class="new" title="IL & FS Infra Asset Management Company (page does not exist)">IL & FS Infra</a></li> <li><a href="/w/index.php?title=Indiabulls_Asset_Management_Company&action=edit&redlink=1" class="new" title="Indiabulls Asset Management Company (page does not exist)">Indiabulls</a></li> <li><a href="/w/index.php?title=JM_Financial_Asset_Management&action=edit&redlink=1" class="new" title="JM Financial Asset Management (page does not exist)">JM Financial</a></li> <li><a href="/wiki/Kotak_Mutual_Fund" title="Kotak Mutual Fund">Kotak</a></li> <li><a href="/w/index.php?title=LIC_Nomura_Mutual_Fund_Asset_Management_Company&action=edit&redlink=1" class="new" title="LIC Nomura Mutual Fund Asset Management Company (page does not exist)">LIC Nomura</a></li> <li><a href="/w/index.php?title=Mirae_Asset_Management_Company&action=edit&redlink=1" class="new" title="Mirae Asset Management Company (page does not exist)">Mirae</a></li> <li><a href="/w/index.php?title=Nippon_India_Mutual_Fund&action=edit&redlink=1" class="new" title="Nippon India Mutual Fund (page does not exist)">Nippon India</a></li> <li><a href="/w/index.php?title=Motilal_Oswal_Asset_Management_Company&action=edit&redlink=1" class="new" title="Motilal Oswal Asset Management Company (page does not exist)">Motilal Oswal</a></li> <li><a href="/w/index.php?title=Peerless_Asset_Management_Company&action=edit&redlink=1" class="new" title="Peerless Asset Management Company (page does not exist)">Peerless</a></li> <li><a href="/w/index.php?title=PPFAS_Asset_Management_Company&action=edit&redlink=1" class="new" title="PPFAS Asset Management Company (page does not exist)">PPFAS</a></li> <li><a href="/w/index.php?title=Quantum_Asset_Management_Company&action=edit&redlink=1" class="new" title="Quantum Asset Management Company (page does not exist)">Quantum</a></li> <li><a href="/w/index.php?title=Religare_Global_Asset_Management_Company&action=edit&redlink=1" class="new" title="Religare Global Asset Management Company (page does not exist)">Religare</a></li> <li><a href="/w/index.php?title=Sahara_Asset_Management_Company&action=edit&redlink=1" class="new" title="Sahara Asset Management Company (page does not exist)">Sahara</a></li> <li><a href="/wiki/SBI_Mutual_Fund" title="SBI Mutual Fund">SBI</a></li> <li><a href="/w/index.php?title=Shriram_Asset_Management_Company&action=edit&redlink=1" class="new" title="Shriram Asset Management Company (page does not exist)">Shriram</a></li> <li><a href="/w/index.php?title=Sundaram_Asset_Management_Company&action=edit&redlink=1" class="new" title="Sundaram Asset Management Company (page does not exist)">Sundaram</a></li> <li><a href="/w/index.php?title=Tata_Asset_Management_Company&action=edit&redlink=1" class="new" title="Tata Asset Management Company (page does not exist)">Tata</a></li> <li><a href="/w/index.php?title=Taurus_Asset_Management_Company&action=edit&redlink=1" class="new" title="Taurus Asset Management Company (page does not exist)">Taurus</a></li> <li><a href="/w/index.php?title=Union_KBC_Asset_Management_Company&action=edit&redlink=1" class="new" title="Union KBC Asset Management Company (page does not exist)">Union KBC</a></li> <li><a href="/wiki/Unit_Trust_of_India" class="mw-redirect" title="Unit Trust of India">Unit Trust of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Investment_trust" title="Investment trust">InvITs</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Real_estate_investment_trust" title="Real estate investment trust">REITs</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Brookfield_Property_Partners" title="Brookfield Property Partners">Brookfield Real Estate Trust</a></li> <li><a href="/wiki/Raheja_Mindspace" title="Raheja Mindspace">Mindspace Business Parks REIT</a></li> <li><a href="/w/index.php?title=IIFL_Real_Estate_Investment_Trust&action=edit&redlink=1" class="new" title="IIFL Real Estate Investment Trust (page does not exist)">IIFL Real Estate Investment Trust</a></li> <li><a href="/wiki/Embassy_Group" title="Embassy Group">Embassy Office Parks REIT</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Telecom</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Reliance_Industries" title="Reliance Industries">Digital Fibre Infrastructure Trust</a></li> <li><a href="/w/index.php?title=Tower_Infrastructure_Trust&action=edit&redlink=1" class="new" title="Tower Infrastructure Trust (page does not exist)">Tower Infrastructure Trust</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Energy</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Vedanta_Limited" title="Vedanta Limited">India Grid Trust</a></li> <li><a href="/wiki/Brookfield_Infrastructure_Partners" title="Brookfield Infrastructure Partners">India Infrastructure Trust</a></li> <li><a href="/wiki/Power_Grid_Corporation_of_India" title="Power Grid Corporation of India">POWERGRID Infrastructure Investment Trust</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Roads</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Global_Infrastructure_Partners" title="Global Infrastructure Partners">Indian Highway Concessions Trust</a></li> <li><a href="/wiki/Sadbhav_Engineering_Limited" class="mw-redirect" title="Sadbhav Engineering Limited">IndInfravit Trust</a></li> <li><a href="/wiki/IRB_Infrastructure" title="IRB Infrastructure">IRB Infrastructure</a></li> <li><a href="/wiki/IRB_Infrastructure" title="IRB Infrastructure">IRB InvIT Fund</a></li> <li><a href="/w/index.php?title=MEP_Infrastructure_Investment_Trust&action=edit&redlink=1" class="new" title="MEP Infrastructure Investment Trust (page does not exist)">MEP Infrastructure Investment Trust</a></li> <li><a href="/wiki/National_Highways_Authority_of_India" title="National Highways Authority of India">National Highways Infra Trust</a></li> <li><a href="/w/index.php?title=Oriental_InfraTrust&action=edit&redlink=1" class="new" title="Oriental InfraTrust (page does not exist)">Oriental InfraTrust</a></li> <li><a href="/wiki/Infrastructure_Leasing_%26_Financial_Services" title="Infrastructure Leasing & Financial Services">Roadstar Infra Investment Trust</a></li> <li><a href="/w/index.php?title=Shrem_Invit&action=edit&redlink=1" class="new" title="Shrem Invit (page does not exist)">Shrem Invit</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Insurance180" style="font-size:114%;margin:0 4em">Insurance</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Category:Insurance_companies_of_India" title="Category:Insurance companies of India">Companies</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Agricultural_insurance_in_India" title="Agricultural insurance in India">Agriculture</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Agriculture_Insurance_Company_of_India" title="Agriculture Insurance Company of India">Agriculture Insurance Company of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/General_insurance" title="General insurance">General</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Private</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Cholamandalam_MS_General_Insurance" title="Cholamandalam MS General Insurance">Cholamandalam MS</a></li> <li><a href="/wiki/Edelweiss_Group" title="Edelweiss Group">Edelweiss Group</a></li> <li><a href="/wiki/HDFC_ERGO_General_Insurance_Company" title="HDFC ERGO General Insurance Company">HDFC ERGO</a></li> <li><a href="/wiki/Future_Generali_India_Insurance" title="Future Generali India Insurance">Future Generali</a></li> <li><a href="/wiki/ICICI_Lombard" title="ICICI Lombard">ICICI Lombard</a></li> <li><a href="/wiki/Niva_Bupa" title="Niva Bupa">Niva Bupa</a></li> <li><a href="/wiki/Kotak_Mahindra_General_Insurance" class="mw-redirect" title="Kotak Mahindra General Insurance">Kotak Mahindra</a></li> <li><a href="/wiki/Reliance_General_Insurance" title="Reliance General Insurance">Reliance</a></li> <li><a href="/wiki/Royal_Sundaram_General_Insurance" title="Royal Sundaram General Insurance">Royal Sundaram</a></li> <li><a href="/wiki/SBI_General_Insurance" title="SBI General Insurance">SBI General</a></li> <li><a href="/wiki/TATA_AIG" title="TATA AIG">TATA AIG</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Govt</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/National_Insurance_Company_Limited" class="mw-redirect" title="National Insurance Company Limited">National Insurance</a></li> <li><a href="/wiki/New_India_Assurance" title="New India Assurance">New India Assurance</a></li> <li><a href="/wiki/Oriental_Insurance_Company_Limited" class="mw-redirect" title="Oriental Insurance Company Limited">Oriental Insurance</a></li> <li><a href="/wiki/United_India_Insurance_Company" title="United India Insurance Company">United India</a></li> <li><a href="/wiki/Employees%27_State_Insurance" title="Employees' State Insurance">Employees State Insurance (ESI)</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Life_insurance_in_India" title="Life insurance in India">Life</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Canara_HSBC_Oriental_Bank_of_Commerce_Life_Insurance" class="mw-redirect" title="Canara HSBC Oriental Bank of Commerce Life Insurance">Canara HSBC OBC Life</a></li> <li><a href="/wiki/Edelweiss_Group" title="Edelweiss Group">Edelweiss Group</a></li> <li><a href="/wiki/Exide_Life_Insurance" title="Exide Life Insurance">Exide Life</a></li> <li><a href="/wiki/HDFC_Life" title="HDFC Life">HDFC Life</a></li> <li><a href="/wiki/ICICI_Prudential" class="mw-redirect" title="ICICI Prudential">ICICI Prudential</a></li> <li><a href="/wiki/Life_Insurance_Corporation_of_India" class="mw-redirect" title="Life Insurance Corporation of India">LIC</a></li> <li><a href="/wiki/Max_Life_Insurance" title="Max Life Insurance">Max Life</a></li> <li><a href="/wiki/Peerless_Group" title="Peerless Group">Peerless Group</a></li> <li>PNB MetLife</li> <li><a href="/wiki/Reliance_Life_Insurance" title="Reliance Life Insurance">Reliance</a></li> <li><a href="/wiki/Kotak_Life_Insurance" title="Kotak Life Insurance">Kotak</a></li> <li><a href="/wiki/SBI_Life_Insurance_Company_Limited" class="mw-redirect" title="SBI Life Insurance Company Limited">SBI Life</a></li> <li><a href="/wiki/Shriram_Life_Insurance" class="mw-redirect" title="Shriram Life Insurance">Shriram Life Insurance</a></li> <li><a href="/wiki/Tata_AIA" class="mw-redirect" title="Tata AIA">Tata AIA</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Reinsurance" title="Reinsurance">Reinsurance</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/General_Insurance_Corporation_of_India" title="General Insurance Corporation of India">GIC-Re</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Insurance_Repository_in_India" title="Insurance Repository in India">Repository</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Central_Depository_Services_Limited" title="Central Depository Services Limited">CDSL</a></li> <li><a href="/wiki/National_Securities_Depository_Limited" title="National Securities Depository Limited">NSDL</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Policy</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Agricultural_insurance_in_India" title="Agricultural insurance in India">Agricultural insurance in India</a></li> <li><a href="/wiki/National_Health_Policy" title="National Health Policy">National Health Policy</a></li> <li><a href="/wiki/Pradhan_Mantri_Fasal_Bima_Yojana" title="Pradhan Mantri Fasal Bima Yojana">Pradhan Mantri Fasal Bima Yojana</a></li> <li><a href="/wiki/Pradhan_Mantri_Suraksha_Bima_Yojana" title="Pradhan Mantri Suraksha Bima Yojana">Pradhan Mantri Suraksha Bima Yojana</a></li> <li><a href="/wiki/Pradhan_Mantri_Jeevan_Jyoti_Bima_Yojana" title="Pradhan Mantri Jeevan Jyoti Bima Yojana">Pradhan Mantri Jeevan Jyoti Bima Yojana</a></li> <li><a href="/wiki/Ayushman_Bharat_Yojana" title="Ayushman Bharat Yojana">Ayushman Bharat Yojana</a></li> <li><a href="/wiki/Rashtriya_Swasthya_Bima_Yojana" title="Rashtriya Swasthya Bima Yojana">Rashtriya Swasthya Bima Yojana</a></li> <li><a href="/wiki/Biju_Swastya_Kalyan_Yojana" title="Biju Swastya Kalyan Yojana">Biju Swastya Kalyan Yojana</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Center_for_Insurance_Studies_and_Research" title="Center for Insurance Studies and Research">CISR</a></li> <li><a href="/wiki/Insurance_Institute_of_India" title="Insurance Institute of India">Insurance Institute of India</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Financial_markets180" style="font-size:114%;margin:0 4em">Financial markets</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Stock <br />exchanges</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Functional</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Bombay_Stock_Exchange" title="Bombay Stock Exchange">BSE</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Phiroze_Jeejeebhoy_Towers" title="Phiroze Jeejeebhoy Towers">Phiroze Jeejeebhoy Towers</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/National_Stock_Exchange_of_India" title="National Stock Exchange of India">NSE</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/w/index.php?title=NSE_IFSC&action=edit&redlink=1" class="new" title="NSE IFSC (page does not exist)">NSE IFSC</a></li> <li><a href="/wiki/NSE_EMERGE" title="NSE EMERGE">NSE EMERGE</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Calcutta_Stock_Exchange" title="Calcutta Stock Exchange">Calcutta Stock Exchange</a></li> <li><a href="/wiki/India_International_Exchange" title="India International Exchange">India International Exchange</a></li> <li><a href="/wiki/United_Stock_Exchange_of_India" title="United Stock Exchange of India">United Stock Exchange of India</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">De-recognized</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bangalore_Stock_Exchange" title="Bangalore Stock Exchange">Bangalore</a></li> <li><a href="/wiki/Cochin_Stock_Exchange" title="Cochin Stock Exchange">Cochin</a></li> <li><a href="/wiki/Coimbatore_Stock_Exchange" title="Coimbatore Stock Exchange">Coimbatore</a></li> <li><a href="/wiki/Inter-connected_Stock_Exchange_of_India" title="Inter-connected Stock Exchange of India">Inter-connected Stock Exchange of India</a></li> <li><a href="/wiki/Madhya_Pradesh_Stock_Exchange" title="Madhya Pradesh Stock Exchange">Madhya Pradesh</a></li> <li><a href="/wiki/Madras_Stock_Exchange" title="Madras Stock Exchange">Madras</a></li> <li><a href="/wiki/Magadh_Stock_Exchange" title="Magadh Stock Exchange">Magadh</a></li> <li><a href="/wiki/Mangalore_Stock_Exchange" title="Mangalore Stock Exchange">Mangalore</a></li> <li>Saurashtra Kutch</li> <li><a href="/wiki/Ahmedabad_Stock_Exchange" title="Ahmedabad Stock Exchange">Ahmedabad Stock</a></li> <li><a href="/wiki/Bhubaneswar_Stock_Exchange" title="Bhubaneswar Stock Exchange">Bhubaneswar</a></li> <li><a href="/wiki/Delhi_Stock_Exchange" title="Delhi Stock Exchange">Delhi</a></li> <li><a href="/wiki/Gauhati_Stock_Exchange" title="Gauhati Stock Exchange">Gauhati</a></li> <li><a href="/wiki/Jaipur_Stock_Exchange" title="Jaipur Stock Exchange">Jaipur</a></li> <li><a href="/wiki/Ludhiana_Stock_Exchange" title="Ludhiana Stock Exchange">Ludhiana</a></li> <li><a href="/wiki/OTC_Exchange_of_India" title="OTC Exchange of India">OTC Exchange of India</a></li> <li><a href="/wiki/Pune_Stock_Exchange" title="Pune Stock Exchange">Pune</a></li> <li><a href="/wiki/UP_Stock_Exchange" title="UP Stock Exchange">UP</a></li> <li><a href="/wiki/Vadodara_Stock_Exchange" title="Vadodara Stock Exchange">Vadodara</a></li> <li><a href="/w/index.php?title=Meerut_Stock_Exchange&action=edit&redlink=1" class="new" title="Meerut Stock Exchange (page does not exist)">Meerut</a></li> <li><a href="/w/index.php?title=Capital_Stock_Exchange_of_Kerala&action=edit&redlink=1" class="new" title="Capital Stock Exchange of Kerala (page does not exist)">Capital Stock Exchange of Kerala</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Commodity <br />exchanges</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/India_International_Bullion_Exchange" title="India International Bullion Exchange">India International Bullion Exchange</a></li> <li><a href="/wiki/Bharat_Diamond_Bourse" title="Bharat Diamond Bourse">Bharat Diamond Bourse</a></li> <li><a href="/wiki/Indian_Energy_Exchange" title="Indian Energy Exchange">Indian Energy Exchange</a></li> <li><a href="/wiki/International_Pepper_Exchange" title="International Pepper Exchange">International Pepper Exchange</a></li> <li><a href="/wiki/Multi_Commodity_Exchange" title="Multi Commodity Exchange">Multi Commodity Exchange</a></li> <li><a href="/wiki/National_Commodity_and_Derivatives_Exchange" title="National Commodity and Derivatives Exchange">National Commodity and Derivatives Exchange</a></li> <li><a href="/wiki/National_Spot_Exchange" title="National Spot Exchange">National Spot Exchange</a></li> <li><a href="/wiki/Surat_Diamond_Bourse" title="Surat Diamond Bourse">Surat Diamond Bourse</a></li> <li><a href="/wiki/Universal_Commodity_Exchange" title="Universal Commodity Exchange">Universal Commodity Exchange</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Brokerages</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Online</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Angel_Broking" class="mw-redirect" title="Angel Broking">Angel</a></li> <li><a href="/wiki/Dhani_(company)" title="Dhani (company)">Dhani</a></li> <li><a href="/wiki/Edelweiss_Broking_Limited" class="mw-redirect" title="Edelweiss Broking Limited">Edelweiss</a></li> <li><a href="/wiki/FundsIndia" title="FundsIndia">FundsIndia</a></li> <li><a href="/wiki/Geojit_Financial_Services" title="Geojit Financial Services">Geogit</a></li> <li><a href="/wiki/HDFC_securities" class="mw-redirect" title="HDFC securities">HDFC</a></li> <li><a href="/wiki/India_Infoline" title="India Infoline">India Infoline</a></li> <li><a href="/wiki/Kuvera.in" title="Kuvera.in">Kuvera.in</a></li> <li><a href="/wiki/Motilal_Oswal_Financial_Services" title="Motilal Oswal Financial Services">Motilal Oswal</a></li> <li><a href="/wiki/Reliance_Securities" title="Reliance Securities">Reliance</a></li> <li><a href="/wiki/Sharekhan" title="Sharekhan">Sharekhan</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Darashaw" title="Darashaw">Darashaw</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Depository_participant" title="Depository participant">Depositories</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/National_Securities_Depository_Limited" title="National Securities Depository Limited">NSDL</a></li> <li><a href="/wiki/Central_Depository_Services" class="mw-redirect" title="Central Depository Services">CDSL</a></li> <li><a href="/wiki/StockHolding_Corporation_of_India" title="StockHolding Corporation of India">StockHolding Corporation of India</a></li> <li><a href="/wiki/Karvy_Corporate" title="Karvy Corporate">Karvy Corporate</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Credit_rating_agency" title="Credit rating agency">Rating <br />agencies</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">For companies</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/SME_Rating_Agency_of_India" title="SME Rating Agency of India">Acuite/SMERA</a></li> <li><a href="/wiki/Brickworks" title="Brickworks">Brickworks</a></li> <li><a href="/w/index.php?title=CARE_Ratings&action=edit&redlink=1" class="new" title="CARE Ratings (page does not exist)">CARE Ratings</a></li> <li><a href="/wiki/CRISIL" title="CRISIL">CRISIL (S&P)</a></li> <li><a href="/wiki/Hunter_Fraud_Score" title="Hunter Fraud Score">Hunter (Experian)</a></li> <li><a href="/wiki/ICRA_Limited" title="ICRA Limited">ICRA (Moody's)</a></li> <li><a href="/w/index.php?title=India_Ratings_%26_Research&action=edit&redlink=1" class="new" title="India Ratings & Research (page does not exist)">India Ratings & Research (Fitch)</a></li> <li><a href="/w/index.php?title=Infomerics_Valuation&action=edit&redlink=1" class="new" title="Infomerics Valuation (page does not exist)">Infomerics Valuation</a></li> <li><a href="/w/index.php?title=ONICRA&action=edit&redlink=1" class="new" title="ONICRA (page does not exist)">ONICRA</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Credit_Environment_India" title="Credit Environment India">For individuals</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Equifax" title="Equifax">Equifax</a></li> <li><a href="/wiki/Experian" title="Experian">Experian</a></li> <li><a href="/wiki/Highmark" title="Highmark">Highmark</a></li> <li><a href="/wiki/TransUnion_CIBIL" title="TransUnion CIBIL">TransUnion CIBIL</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Financial<br /> crime</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Events</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/1992_Indian_stock_market_scam" title="1992 Indian stock market scam">1992 Indian stock market scam</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">People</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Harshad_Mehta" title="Harshad Mehta">Harshad Mehta</a></li> <li><a href="/wiki/Abdul_Karim_Telgi" title="Abdul Karim Telgi">Abdul Karim Telgi</a></li> <li><a href="/wiki/Ramalinga_Raju" title="Ramalinga Raju">Ramalinga Raju</a></li> <li><a href="/wiki/Hasan_Ali_Khan" title="Hasan Ali Khan">Hasan Ali Khan</a></li> <li><a href="/wiki/Ketan_Parekh" title="Ketan Parekh">Ketan Parekh</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Computer_Age_Management_Services" title="Computer Age Management Services">CAMS</a></li> <li><a href="/wiki/Central_Registry_of_Securitisation_Asset_Reconstruction_and_Security_Interest" title="Central Registry of Securitisation Asset Reconstruction and Security Interest">CERSAI</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Alternative_financial_services180" style="font-size:114%;margin:0 4em">Alternative financial services</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Digital lending</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Hero_FinCorp" title="Hero FinCorp">Hero FinCorp</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Housing finance</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Aavas_Financiers" title="Aavas Financiers">Aavas Financiers</a></li> <li><a href="/wiki/Dewan_Housing_Finance_Corporation" class="mw-redirect" title="Dewan Housing Finance Corporation">DHFL</a></li> <li><a href="/wiki/Home_First_Finance" title="Home First Finance">Home First Finance</a></li> <li><a href="/wiki/Housing_and_Urban_Development_Corporation" title="Housing and Urban Development Corporation">HUDCO</a></li> <li><a href="/wiki/Housing_Development_Finance_Corporation" title="Housing Development Finance Corporation">HDFC</a></li> <li><a href="/wiki/LIC_Housing_Finance" title="LIC Housing Finance">LIC Housing Finance</a></li> <li><a href="/wiki/National_Housing_Bank" title="National Housing Bank">National Housing Bank</a></li> <li><a href="/wiki/Odisha_Rural_Housing_%26_Development_Corporation" title="Odisha Rural Housing & Development Corporation">Odisha Rural Housing & Development Corporation</a></li> <li><a href="/wiki/PNB_Housing_Finance_Limited" title="PNB Housing Finance Limited">PNB Housing Finance</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Chit_fund" title="Chit fund">Chit funds</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Saradha_Group_financial_scandal" title="Saradha Group financial scandal">Saradha Group financial scandal</a></li> <li><a href="/wiki/Rose_Valley_financial_scandal" title="Rose Valley financial scandal">Rose Valley financial scandal</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Microfinance" title="Microfinance">Microfinance</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bandhan_Bank" title="Bandhan Bank">Bandhan Bank</a></li> <li><a href="/wiki/BASIX_(India)" title="BASIX (India)">BASIX (India)</a></li> <li><a href="/wiki/Bharat_Financial_Inclusion" title="Bharat Financial Inclusion">Bharat Financial Inclusion</a></li> <li><a href="/wiki/ESAF_Small_Finance_Bank" title="ESAF Small Finance Bank">ESAF Small Finance Bank</a></li> <li><a href="/wiki/Grama_Vidiyal" title="Grama Vidiyal">Grama Vidiyal</a></li> <li><a href="/wiki/National_Bank_for_Agriculture_and_Rural_Development" title="National Bank for Agriculture and Rural Development">National Bank for Agriculture and Rural Development</a></li> <li><a href="/wiki/Satin_Creditcare_Network_Limited" title="Satin Creditcare Network Limited">Satin Creditcare Network Limited</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Peer-to-peer_lending" title="Peer-to-peer lending">Peer-to-peer lending</a></li> <li><a href="/wiki/Kitty_party" title="Kitty party">Kitty party</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Angel_investment,_venture_capital_&amp;_private_equity180" style="font-size:114%;margin:0 4em">Angel investment, venture capital & private equity</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Angel investments</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Indian_Angel_Network" title="Indian Angel Network">Indian Angel Network</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Venture capital</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Chiratae_Ventures" title="Chiratae Ventures">Chiratae Ventures</a></li> <li><a href="/wiki/Embassy_Group" title="Embassy Group">Embassy Group</a></li> <li><a href="/wiki/Indian_Angel_Network" title="Indian Angel Network">Indian Angel Network</a></li> <li><a href="/wiki/Unitus_Seed_Fund" title="Unitus Seed Fund">Unitus Seed Fund</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Private equity</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/w/index.php?title=Kotak_Private_Equity&action=edit&redlink=1" class="new" title="Kotak Private Equity (page does not exist)">Kotak Private Equity</a></li> <li><a href="/w/index.php?title=Chrys_Capital&action=edit&redlink=1" class="new" title="Chrys Capital (page does not exist)">Chrys Capital</a></li> <li><a href="/w/index.php?title=India_Value_Fund_-_True_North&action=edit&redlink=1" class="new" title="India Value Fund - True North (page does not exist)">India Value Fund - True North</a></li> <li><a href="/w/index.php?title=Motilal_Oswal_Private_Equity&action=edit&redlink=1" class="new" title="Motilal Oswal Private Equity (page does not exist)">Motilal Oswal Private Equity</a></li> <li><a href="/w/index.php?title=IDFC_Private_Equity_Fund&action=edit&redlink=1" class="new" title="IDFC Private Equity Fund (page does not exist)">IDFC Private Equity Fund</a></li> <li><a href="/w/index.php?title=ICICI_Venture_Fund&action=edit&redlink=1" class="new" title="ICICI Venture Fund (page does not exist)">ICICI Venture Fund</a></li> <li><a href="/w/index.php?title=CX_Partners&action=edit&redlink=1" class="new" title="CX Partners (page does not exist)">CX Partners</a></li> <li><a href="/w/index.php?title=Premji_Invest&action=edit&redlink=1" class="new" title="Premji Invest (page does not exist)">Premji Invest</a></li> <li><a href="/w/index.php?title=Kedaara_Capital&action=edit&redlink=1" class="new" title="Kedaara Capital (page does not exist)">Kedaara Capital</a></li> <li><a href="/w/index.php?title=JM_Financial_Private_Equity&action=edit&redlink=1" class="new" title="JM Financial Private Equity (page does not exist)">JM Financial Private Equity</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Legislation_&amp;_regulation180" style="font-size:114%;margin:0 4em">Legislation & regulation</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Banking</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Authorities<br />& boards</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Central bank</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Reserve_Bank_of_India" title="Reserve Bank of India">Reserve Bank of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/International_Financial_Services_Centres_Authority" title="International Financial Services Centres Authority">IFSCA</a></li> <li><a href="/wiki/Banks_Board_Bureau" title="Banks Board Bureau">BBB</a></li> <li><a href="/wiki/Banking_Codes_and_Standards_Board_of_India" title="Banking Codes and Standards Board of India">BCSBI</a></li> <li><a href="/wiki/National_Payments_Corporation_of_India" title="National Payments Corporation of India">NPCI</a></li> <li><a href="/wiki/Indian_Banks%27_Association" title="Indian Banks' Association">IBA</a></li> <li><a href="/wiki/Institute_for_Development_and_Research_in_Banking_Technology" title="Institute for Development and Research in Banking Technology">IDRBT</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">In force</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Reserve_Bank_of_India_Act,_1934" title="Reserve Bank of India Act, 1934">Reserve Bank of India Act, 1934</a></li> <li><a href="/wiki/Government_Securities_Act,_2006" title="Government Securities Act, 2006">Government Securities Act, 2006</a></li> <li><a href="/w/index.php?title=The_State_Bank_of_India_Act,_1955&action=edit&redlink=1" class="new" title="The State Bank of India Act, 1955 (page does not exist)">The State Bank of India Act, 1955</a></li> <li><a href="/w/index.php?title=The_Banking_Companies_(Acquisition_And_Transfer_Of_Undertakings)_Act,_1970&action=edit&redlink=1" class="new" title="The Banking Companies (Acquisition And Transfer Of Undertakings) Act, 1970 (page does not exist)">The Banking Companies (Acquisition And Transfer Of Undertakings) Act, 1970</a></li> <li><a href="/wiki/Banking_Regulation_Act,_1949" title="Banking Regulation Act, 1949">Banking Regulation Act, 1949</a></li> <li><a href="/wiki/International_Financial_Services_Centres_Authority_Act,_2019" class="mw-redirect" title="International Financial Services Centres Authority Act, 2019">International Financial Services Centres Authority Act, 2019</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Repealed</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Public_Debt_Act,_1944" class="mw-redirect" title="Public Debt Act, 1944">Public Debt Act, 1944</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Asset <br />management</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>The Unit Trust of India Act, 1963</li> <li>Indian Registration Act, 1908</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other regulations</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>SEBI (Mutual Funds) Regulations, 1993</li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Insurance</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Authorities & boards</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Insurance_Regulatory_and_Development_Authority" title="Insurance Regulatory and Development Authority">IRDAI</a></li> <li>Insurance Association of India <ul><li>Life Insurance Council</li> <li>General Insurance Council</li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">In force</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Insurance_Act,_1938" title="Insurance Act, 1938">Insurance Act, 1938</a></li> <li><a href="/wiki/Life_Insurance_Corporation#Nationalization_in_1956" title="Life Insurance Corporation">Industrial Policy Resolution of 1956</a></li> <li><a href="/w/index.php?title=Life_Insurance_Corporation_Act,_1956&action=edit&redlink=1" class="new" title="Life Insurance Corporation Act, 1956 (page does not exist)">Life Insurance Corporation Act, 1956</a></li> <li>Insurance Regulatory and Development Authority Act, 1999</li> <li>The General Insurance Business (Nationalisation) Act, 1972</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Repealed</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em">The British Insurance Act, 1870</div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Financial<br /> markets</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Authorities & boards</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a class="mw-selflink selflink">SEBI</a></li> <li><a href="/wiki/Securities_commission" title="Securities commission">Securities commission</a></li> <li><a href="/wiki/Forward_Markets_Commission" title="Forward Markets Commission">Forward Markets Commission</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">In force</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>SEBI, Act 1992</li> <li>Forward Contracts (Regulation) Act, 1952</li> <li>The Securities Contracts (Regulation) Act, 1956</li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Alternative<br />financial <br />services</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Authorities & boards</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/National_Housing_Bank" title="National Housing Bank">NHB</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Microfinance</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>Tamil Nadu Money-Lenders Act, 1957</li> <li>The Bombay Money-Lenders Act, 1946</li> <li>The Karnataka Money-Lenders Act, 1961</li> <li>The Kerala Money-Lenders Act, 1958</li> <li>Bengal Money-Lenders Act, 1940</li> <li>The Rajasthan Money-Lenders Act, 1963</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>Multi-State Cooperative Legislation Act, 2002</li> <li>Mutually Aided Cooperative Acts</li> <li>The National Housing Bank Act, 1987</li> <li>The Chit Funds Act, 1982</li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Alternative<br />investment <br />funds</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Authorities & boards</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>Indian Association of Alternative Investment Funds (IAAIF)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Indian_Trusts_Act,_1882" title="Indian Trusts Act, 1882">Indian Trusts Act, 1882</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Regulations</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>SEBI (Venture Capital Funds) Regulations, 1996</li> <li>SEBI AIF Regulations, 2012</li> <li>SEBI (Investment Advisers) Regulations 2013</li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr></tbody></table></div> <div 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