pls explain few terms related to stock market

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CA Kripa Sah

CA Kripa Sah (Querist)
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15 June 2009 pls explain me IRDA?
NSDL?
AMFI?
FIMMDA?
NCDX?
ICRA?

CA CS CMA Srinivasan N

CA CS CMA Srinivasan N (Expert)
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15 June 2009 Hi

IRDA - Insurance Regulatory and Development Authority - it is a regulatory body for Insurance Industry

NSDL - National Securities Depository Limited -It is the first and largest depository in India, established in August 1996 and promoted by institutions of national stature responsible for economic development of the country has since established a national infrastructure of international standards that handles most of the securities held and settled in dematerialised form in the Indian capital market.

AMFI - The Association of Mutual Funds in India - It is an association of mutual funds for developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in all areas with a view to protecting and promoting the interests of mutual funds and their unit holders.

FIMMDA - Fixed Income Money Market and Derivatives Association of india - It is an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers and Insurance Companies was incorporated as a Company under section 25 of the Companies Act,1956 on June 3rd, 1998. FIMMDA is a voluntary market body for the bond, money and derivatives markets.FIMMDA has members representing all major institutional segments of the market. The membership includes Nationalized Banks such as State Bank of India, its associate banks and other nationalized banks; Private sector banks such as ICICI Bank, HDFC Bank, IDBI Bank; Foreign Banks such as Bank of America, ABN Amro, Citibank, Financial institutions such as IDFC, EXIM Bank, NABARD, Insurance Companies like Life Insurance Corporation of India (LIC), ICICI Prudential Life Insurance Company, Birla Sun Life Insurance Company and all Primary Dealers.

NCDEX - National Commodities and Derivatives Exchange Ltd -The aim of the company is to make forward contracts simple, safe and secure. NCDEX is a public limited company incorporated on 23.4.2003 under the Companies Act, promoted by national level financial institutions like ICICI Bank, LIC, NABARD, NSE, Canara Bank, CRISIL, Goldman Sachs, IFFCO and PNB with an aim to bring in standardization and professionalism in forward contract and also to bring in security to the producers. They hold equity shares in the NCDEX.

ICRA - Its a credit rating agency. ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional Investment Information and Credit Rating Agency. The international Credit Rating Agency Moody’s Investors Service is ICRA’s largest shareholder. The participation of Moody’s is supported by a Technical Services Agreement, which entails Moody’s providing certain high-value technical services to ICRA. Specifically, the agreement is aimed at benefiting ICRA’s in-house research capabilities, and providing it with access to Moody’s global research base. Today, ICRA and its subsidiaries together form the ICRA Group of Companies (Group ICRA). ICRA is a Public Limited Company, with its shares listed on the Bombay Stock Exchange and the National Stock Exchange.