Reserve Bank of India
Fort and Horniman Circle
Central bank
The Reserve Bank of India is the country’s central bank, set up in 1935 under the Reserve Bank of India Act and nationalised in 1949.
PFRDA regulates the National Pension System and the pension fund managers; it is headquartered in Delhi, and the pension fund managers it licenses — SBI, LIC, UTI, HDFC, ICICI, Kotak and others — are Mumbai companies.
The NPS Trust and the central recordkeeping agencies are its main structures.
| Name | Pension Fund Regulatory and Development Authority (PFRDA) |
|---|---|
| Where in Mumbai | Bandra Kurla Complex, Mumbai |
| What they do | Regulator |
| Since | 2003 |
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Securities and Exchange Board of India
Bandra Kurla Complex
Regulator
SEBI is the regulator of the securities market, set up in 1988 and given statutory powers in 1992; its head office is SEBI Bhavan in Bandra Kurla Complex.
Insurance Regulatory and Development Authority of India (IRDAI)
Bandra Kurla Complex
Regulator
IRDAI, set up in 1999 and headquartered in Hyderabad, regulates the insurance companies; its Mumbai office in Bandra Kurla Complex sits among the insurers it supervises, most of which are headquartered in the city.
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