CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
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
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Securities Exchange Board of India
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
NABARD
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Union Ministry of Finance
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
Federation of Indian Industries
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Industry and Trade
ECONOMICS
Watch in App
explore_more_icon
Explore more
Foreign Exchange
Standard XI Economics
Join BYJU'S Learning Program
book_image
Solve
book_image
Textbooks
book_image
Question Papers
book_image
Install app
CrossIcon