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Indian Financial System Regulators & Banking Reforms Part 1
Which apex body regulates the banking sector in India?
The Reserve Bank of India (RBI) is the apex regulatory body for the banking sector in India, established under the RBI Act, 1934.
Which year was the Reserve Bank of India nationalised?
RBI was nationalised in 1949 under RBI Act.
What is the primary legislation under which RBI was established?
The Reserve Bank of India was established under the Reserve Bank of India Act, 1934, and commenced operations on April 1, 1935.
What is the full form of SEBI and when was it given statutory status?
Securities and Exchange Board of India, statutory status in 1992.
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