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.
Financial Regulation in Mumbai
Mumbai is India's financial capital in a literal sense: the central bank, the market regulator, both national stock exchanges, the largest banks and insurers and most of the asset management industry all sit within a few kilometres of each other, between Dalal Street, Nariman Point and Bandra Kurla Complex.
Named companies
Named companies
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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.
Pension Fund Regulatory and Development Authority (PFRDA)
Bandra Kurla Complex
Regulator
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.
Financial Regulation across the city
Financial Regulation at Dalal Street and FortFinancial Regulation at Bandra Kurla ComplexFinancial Regulation at Nariman PointFinancial Regulation at Lower ParelFinancial Regulation at WorliFinancial Regulation at Ballard EstateFinancial Regulation at Churchgate and Marine Lines
Other finance segments
Stock ExchangesBroking and Wealth ManagementMutual Funds and Asset ManagementInsuranceInvestment BankingNon-Banking FinanceCommodity and Currency MarketsFintech and PaymentsCredit Rating and ResearchCorporate Head Offices
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