The Registrars of Cooperatives (ROC) of different states are a joint regulator for the banks in the cooperative sector, both urban and rural. (For multi-state institutions, the Central ROC under the Ministry of Agriculture is the main regulator). While RBI/NABARD are concerned with the banking function performed by them, the management control rests with the State/Central Governments.
This dual control impacts the supervision of both RBI and NABARD over institutions in this sector. SEBI regulates the capital markets and supervises several institutions such as the Stock Exchanges, Mutual Funds and other Asset Management Companies, securities dealers and brokers, Merchant Bankers and Credit Rating Agencies. SEBI regulates venture capital funds also. Companies in the insurance sector are regulated by IRDA.