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The Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDA) are both regulatory bodies in India, responsible for overseeing their respective sectors—banking and insurance. Both institutions aim to ensure financial stability, protect consumer interests, and promote fair practices within their industries. They also establish guidelines and regulations to enhance transparency and accountability among the entities they regulate. Additionally, both RBI and IRDA play a crucial role in fostering public confidence in the financial system.

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1mo ago

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