Regulatory bodies in India are government or statutory authorities that set rules, monitor activities, and ensure fair functioning in different sectors such as banking, education, insurance, and securities.
In this blog, we’ll have a look at the various regulatory bodies in India and the exams they conduct to recruit candidates for vacancies in different posts, and other relevant details related to the same.
What is a regulatory body?
A regulatory body is an official authority, usually set up by the government, that creates rules and guidelines for a specific sector and ensures they are followed. It monitors activities, controls unfair practices, protects public interest, and maintains discipline and transparency in areas such as banking, finance, education, insurance, and healthcare. Regulatory bodies help ensure that organizations work in a lawful, fair, and efficient manner.
What are the regulatory bodies of India?
Regulatory bodies of India are government-established authorities that regulate, supervise, and control different sectors of the economy and public life. They frame rules, ensure compliance, protect consumers, and maintain transparency and stability.
Major regulatory bodies in India include the Reserve Bank of India (RBI) for banking and monetary policy, Securities and Exchange Board of India (SEBI) for the capital market, Insurance Regulatory and Development Authority of India (IRDAI) for insurance, Pension Fund Regulatory and Development Authority (PFRDA) for pensions, National Bank for Agriculture and Rural Development (NABARD) for rural and agricultural finance, Telecom Regulatory Authority of India (TRAI) for telecommunications, and Competition Commission of India (CCI) for fair competition.
These bodies play a vital role in ensuring smooth and lawful functioning of their respective sectors. The detailed list of the regulatory bodies of India are as follows:
| Regulatory Body | Sector | Headquarter |
| Reserve Bank of India | Banking, Finance, monetary policy | Mumbai, Maharashtra |
| Insurance Regulatory and Development Authority of India (IRDAI) | Insurance | Hyderabad, Telangana |
| Securities and Exchange Board of India (SEBI) | Securities & capital market | Mumbai, Maharashtra |
| National Bank for Agriculture and Rural Development (NABARD) | Financing rural development | Mumbai, Maharashtra |
| Small Industries Development Bank of India (SIDBI) | Financing small, medium scale enterprises | Lucknow, Uttar Pradesh |
| Pension Fund Regulatory and Development Authority (PFRDA) | Pension | New Delhi |
| National Housing Bank (NHB) | Financing housing | New Delhi |
| Financial Stability and Development Council (FSDC) | Financial sector development | New Delhi |
| Bureau of Indian Standard | Standards and certifications | New Delhi |
| Central Board of Film Certification (CBFC) | Film/TTV certification & censorship | Mumbai, Maharashtra |
| Food Safety and Standards Authority of India | Food | New Delhi |
| Board of Control for Cricket In India (BCCI) | Cricket | Mumbai, Maharashtra |
| Engineering Export Promotion Council of India | Trade and promotion | Kolkata, West Bengal |
| Association of Mutual Funds in India (AMFI) | Mutual funds | Mumbai, Maharashtra |
| Advertising Standards Council of India | Advertising | Mumbai, Maharashtra |
| Express Industry Council of India (EICI) | Trade | Mumbai, Maharashtra |
| Indian National Ship Owners Association (INSA) | Shipping | Mumbai, Maharashtra |
| Indian Chemical Council (ICC) | Manufacturing | Mumbai, Maharashtra |
| Federation of Indian Export Organisations (FIEO) | Export | Mumbai, Maharashtra |
| National Association of Software and Service Companies | Information technology (IT) | Noida, Uttar Pradesh |
| Indian Stainless steel Development Association | Growth & development | Gurgaon, Haryana |
| Manufacturers Association for Information Technology | Information technology (IT) | New Delhi |
| National Association of Software and Service Companies | Information technology (IT) | Mumbai, Maharashtra |
| Projects Exports Promotion Council of India | Trade | New Delhi |
| Organization of Plastic Processors of India | Manufacturing | Mumbai, Maharashtra |
| Central Drugs Standard Control Organisation (CDSCO) | Pharmaceutical and medical | Mumbai, Maharashtra |
| Telecom Equipment Manufacturer Association of India (TEMA) | Telecom | New Delhi |
| Insolvency and Bankruptcy Board of India (IBBI) | Insolvency and Bankruptcy | New Delhi |
| Telecom Regulatory Authority of India (TRAI) | Telecom | New Delhi |
What are the exams conducted by these regulatory bodies of India?
These regulatory bodies conduct various exams to recruit Grade A, B, and other scale officers, along with assistant-level posts. The most common and most competitive exams conducted by these regulatory bodies are the RBI Grade B exam, NABARD Grade A exam, SEBI Grade A exam, and others. The details of the exams are as follows:
| Exam Name | Link |
| RBI Grade B exam | Check Details |
| RBI SO exam | Check Details |
| RBI Assistant exam | Check Details |
| NABARD Grade A exam | Check Details |
| NABARD SO exam | Check Details |
| SEBI Grade A exam | Check Details |
| SIDBI Grade A exam | Check Details |
| IRDAI Grade A exam | Check Details |
| PFRDA Grade A exam | Check Details |
| IFSCA Grade A exam | Check Details |
What are the functions of these regulatory bodies?
Regulatory bodies in India perform key roles to ensure smooth and fair functioning of their sectors. They focus on building skilled professionals, maintaining standards in education and training, managing recruitment and promotions, and supporting research and development.
- Creating a strong research and development culture and a pool of skilled professionals in various assessment areas.
- Assisting academic institutions with training and quality testing services.
- Reforming and training schools and organizations so that testing standards match admission test requirements.
- Managing the promotion, deputation, and absorption of officers.
- Conducting direct recruitment through interviews.
- Organizing departmental promotion examinations.
FAQs
A regulatory body is a government agency or an organization in charge of enforcing laws. Its responsibilities include imposing requirements, conditions, or prohibitions, establishing the norm for activities, and enforcing or securing conformity in these areas.
Populist pressure: The ruling political parties are constantly interfering with the functioning of regulatory authorities.
Selection of non-experts: The appointment of non-experts to run regulatory bodies may result in inefficiency in their operations.
Inefficient review mechanism: Under the auspices of legislative committees, the assessment system for the functioning of regulatory organizations is not very effective.
Regulatory authorities have a variety of responsibilities, one of which is to assist academic institutions in India with training & quality testing services and to reform & train school systems, as well as other organizations so that testing standards. We have listed numerous other duties and responsibilities that regulatory organizations fulfill; we recommend reading the entire article.
- Government Schemes for NABARD Grade A 2026
- NABARD Grade A Descriptive Writing Preparation 2026, Check Guide
- PFRDA Grade A Final Result 2025 Out, Download Result PDF
- PFRDA Grade A Cut Off 2025 Out, Previous Year Cut Off Score
- NABARD Grade A Phase 2 Question Papers, Download PDFs
- NABARD Grade A Question Papers, Section-Wise PYPs, Download PDFs
Hello there! I’m a dedicated Government Job aspirant turned passionate writer & content marketer. My blogs are a one-stop destination for accurate and comprehensive information on exams like Regulatory Bodies, Banking, SSC, State PSCs, and more. I’m on a mission to provide you with all the details you need, conveniently in one place. When I’m not writing and marketing, you’ll find me happily experimenting in the kitchen, cooking up delightful treats. Join me on this journey of knowledge and flavors!