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The bodies that are established as an independent organization by government to regulates the activities of companies in an industry is termed ‘Regulatory Bodies’. The Financial sector in India saw tremendous growth due to the growing competition in market. The financial system controls banking, insurance, mortgage and capital market.
India has a complex governmental framework of regulatory bodies governed by a variety of ministries. The finances are controlled by ministry of Finance. The ministry presents the annual budget on 28th February every year.
India has four major financial regulatory bodies in India's financial market. They are described below-