• The Reserve Bank of India (RBI) is the primary regulatory authority responsible for overseeing and regulating various financial institutions in India, including:
• Scheduled Commercial Banks (SCB): These banks are regulated by the RBI under the Banking Regulation Act, 1949.
• All India Financial Institutions (AIFI): These include institutions like EXIM Bank, SIDBI, and NABARD, and are regulated by the RBI to ensure their proper functioning.
• Credit Information Companies (CIC): Companies that collect and maintain credit information of borrowers are regulated by the RBI as per the Credit Information Companies (Regulation) Act, 2005.
• Cooperative Banks: The RBI regulates both urban and rural cooperative banks in India under the Banking Regulation Act, though some aspects are also overseen by state governments.
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