인도의 금융규제 현황과 우리에의 시사점 = The present situation and current events point of the Indian financial regulation

다국어 초록 (Multilingual Abstract)

We looked for the present situation of the Indian financial regulation in the text of the article well schematically. It may be said that a deregulation process includes the financial regulation legislation in India successively. We are going to look in the following well conclusively for a characteristic and current events point of the Indian financial regulation. First, there are many a kind and number of financial institutions in India. A private bank, a foreign bank, a person in charge of government financial institution, a local bank intertwine with each other very complicatedly and compete. When a finance company of our country goes into India, it can establish a local corporation or a branch. In this case, permission of the RBI that is the Indian central bank is necessary. In addition, the investment in Indian finance company is possible to finance with up to 26% of shares. In the case of an insurance company, prior permission of the IRDA is necessary. Second, though a government financial institution occupies the big position of the finance section in India. The government financial institution contribute a fund to so-called the first problem. The small industrial development bank or the agriculture or national agriculture farm village development Bank which were established to correspond to the medium and small-sized business for local development, they give us a big current events point. There was not big difficulty of the finance zone of India under the global financial crisis either. The reason depends on the regulation of the owned capital ratio of strict bank by Basel II with having regulated the investment in dangerous assets and the rental of bank. There is the need that must strictly manage the owned capital ratios for a finance company of our country under the Europe financial crisis situation. Third, the protection of finance consumers is carried out by the Consumers Act in India. In addition, dealing with grievances of the financial institution and the bank ombudsman system are enforced. It is thought with what is referred to though a discussion for finance consumer protection makes ends meet in our country now. Fourth, an authority of the RBI is important. The RBI continued serving as the publication of the currency and the function as the central bank including the interest rate policy and was in charge of the supervision of the finance section. The RBI moved gradual reform in finance supervision. However, it is hard to control it by power only for RBI for the complicated finance section of the large scale. It will be thought in future that the authority relations with a variety of engines such as SEBI, IRDA, Competition Committee(ICC) are arranged. In the case of our country it is thought that Bank of Korea, The Ministry of Knowledge Economy, Financial Services Commission, Korea Fair Trade Commission have to use made a group job under the economic crisis situation. It will be necessary to build a supervision system in conformity with principle (rule) as well as a case of India.