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Byju's Answer
Standard XI
Economics
Foreign Exchange
Financial Hol...
Question

Financial Holding Company (FHCs) in India are regulated by __________.

A
Reserve Bank of India
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B
Securities Exchange Board of India
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C
NABARD
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D
Union Ministry of Finance
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E
Federation of Indian Industries
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Solution

The correct option is A Reserve Bank of India
The Reserve Bank of India is the designated regulator for financial holding companies.
The function of FHC regulation is undertaken by a separate unit within RBI with staff drawn from both RBI as well as other regulators.

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