The Securities and Exchange Board of India (SEBI) was set up in 1988 and made the regulator of the capital market under the SEBI Act, 1992. In May 1992, the Government abolished the Capital Issues Control Act, and the functions of the capital issues controller were entrusted to SEBI. As a regulator of the Capital…
Broadly, a credit market is a market for borrowing money in the form of bank loans, bonds, etc. The credit market is also known as the debt market since it deals in fixed-income instruments like bonds, treasury bills, commercial paper, and debt offerings such as notes and securitized obligations, collateralized debt obligations (CDOs)/(mortgage-backed securities), and…
The Payment and Settlement System (PSS) Act, 2007 provides for the regulation and supervision of payment systems in India and designates the Reserve Bank of India (Reserve Bank) as the authority for that purpose and all related matters. The rapid developments in Payment Systems and technology have led to the implementation of major reforms of…