Financial Supervision
RBI not only regulates the Indian banking system but also to the development financial institutions (DFIs), non-banking financial companies (NBFCs), primary dealers, credit information companies and select segments of the financial markets.
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RBI derives its regulating powers for Indian Banking System from the provisions of the Banking Regulation Act 1949.
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For other entities it derives power from the RBI act 1934.
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The credit information companies are regulated under the provisions of Credit Information Companies (Regulation) Act, 2005.
The objectives of this function are to protect the interest of the depositors and maintain the safety and soundness of the banking and Financial System of the country.
