Introduction
Financial Markets Division is primarily responsible for policy issues related to the development of the securities markets and matters incidental thereto like, External Commercial Borrowings and Foreign Portfolio flows under Foreign Exchange Management Act (FEMA), 1999 other than enforcement work. Since 2013, the Division is entrusted with the development of commodity derivative markets. The division looks after the administrative matters of the Securities and Exchange Board of India (SEBI) and Securities Appellate Tribunal (SAT). The division facilitates the financial Markets Regulatory dialogues with Countries like USA, UK and Japan etc and engages in other such international dialogues and cooperation.
FM Division is responsible for the administration of SEBI Act, Securities Contracts Regulation (SCRA) Act 1956, Depositories Act, 1996 and Section 20 of the Indian Trust Act, 1882 and related regulations and notifications thereunder. Issues related to erstwhile Forward Contracts (Regulation) Act, 1952 is also handled in the FM Division.
Mandate of the Division
The Division envisions to establish India as a global leader in financial markets that are robust, transparent, and efficient, fostering sustainable economic growth and ensuring financial stability. Our vision encompasses a financial ecosystem that is inclusive, facilitating broad-based economic development and empowering every citizen with access to financial services and opportunities for wealth creation.
The Financial Market Division is committed to work collaboratively with all stakeholders, including regulatory bodies, market participants, academic institutions, and international organizations, to realize our vision and mission. We pledge to operate with transparency, integrity, and accountability, continuously seeking to improve our effectiveness in fostering a financial market environment that supports India's aspirations of Viksit Bharat by 2047 for inclusive growth through economic prosperity and social well-being.
Scheme
The DEA has notified the establishment of Guarantee Scheme for Corporate Debt (GSCD) Vide Gazette Notification dated 26 July 2023 for the purpose of providing guarantee cover against debt to be raised by Corporate Debt Market Development Fund (CDMDF) which will act as a backstop in the corporate debt market, in times of market dislocation. Under this scheme, budgetary allocation of Rs. 310 crore to GFCD (Trust) shall be made in the six years from FY 2023-24 to 2028-29.
Contact Details
| Name of the Section | Under Secretary | Director/ Deputy Secretary |
|---|---|---|
| PM Section | Ms. Neelu OSD Room No.273 Tel : 23095076 Email : neelu[dot]dea[at]gov[dot]in | Sh. Rajesh Panwar JD Room No. 131B Tel : 23095151 Email : rajesh[dot]panwar[at]nic[dot]in |
| SM | Ms. Leena Dy. Director Room No. 63 Tel: 23095756 Email : leena[dot]kumar[at]gov[dot]in | Sh. J V N Subramanyam Director Room No. 51A Tel : 23095012 Email : jvnsubramanyam[at]ias[dot]nic[dot]in |
| EM | Sh. Jasvinder Singh
Sh. Neeraj Kumar | Sh. Pratiyush Kumar Jt. Director Room No. 143 A Tel : 23095068 Email : pratiyush[dot]kumar[at]gov[dot]in |
| ECB | Sh. Jasvinder Singh
Sh. Neeraj Kumar | Sh. Pratiyush Kumar Jt. Director Room No. 143 A Tel : 23095068 Email : pratiyush[dot]kumar[at]gov[dot]in |
| IFSCA | Sh. Saurabh Bhargava Dy. Director Room No. 48 Tel: 23095103 Email : s[dot]bhargava[at]gov[dot]in | Sh. J V N Subramanyam Director Room No. 51 A Tel : 23095012 Email : jvnsubramanyam[at]ias[dot]nic[dot]in |
| CD section | Ms. Manju Dureja
Dr. Bikash K. Malick | Sh. Deepak Ranjan Jt. Director Room No. 268 C Tel : 23095260 Email : Deepak[dot]ranjan[at]nic[dot]in |
| IG & JPC Section | Vacant Under Secretary Tel: 2309 | Sh. Shekhar Chaudhary Director Room No. 71 D Tel : 23093510 Email : shekhar[dot]80[at]gov[dot]in |
| RE | Sh. Jasvinder Singh Under Secretary Room No. 143 A Tel : 23095222 Email : jasvinder[dot]s[at]nic[dot]in | Sh. Shekhar Chaudhary Director Room No. 71 D Tel : 23093510 Email : shekhar[dot]80[at]gov[dot]in |
| IC | Ms. Dilasha Anand Deputy Director Room No. 48 Tel : 2309 Email : dilasha[dot]vasudev[at]gov[dot]in | Sh. Deepak Ranjan Jt. Director Room No. 268-C Tel : 23095260 Email : Deepak[dot]ranjan[at]nic[dot]in |
| FM Coord | Ms. Rupinder Kaur Under Secretary Room No. 269 Tel : 23095080 Email : rupinder[dot]kaur43[at]nic[dot]in | Sh. Rajesh Panwar JD Room No. 131B Tel : 23095151 Email : rajesh[dot]panwar[at]nic[dot]in |
| Sl No. | Name of Officer & Designation | Contact No. | Email Id |
|---|---|---|---|
| Shri Solomon Arokiaraj, Additional Secretary (Financial Markets) | +91-11-23094905 | hod-fmddea[at]gov[dot]in | |
| CD Section | |||
| 1. | Shri Deepak Ranjan (Director) | +91-11-23095260 | deepak[dot]ranjan[at]nic[dot]in |
| 2. | Ms. Surobhi Mukurhjee (DD) | +91-11-23095021 | Surobhi[dot]m22[at]gov[dot]in |
| 3. | Ms. Manju Dureja (US) | +91-11-23095142 | mdureja[at]nic[dot]in |
| 4. | Sh. Hari Ram Meena (SO) | +91-11-23095195 | Meena[dot]hariram[at]nic[dot]in |
| IC Section | |||
| 1. | Ms. Dilasha Anand (DD) | +91-11-23095084 | Dilasaha[dot]vasudev[at]gov[dot]in |
| 2. | Shri Pawan Kumar Solanki (SO) | +91-11-23095090 | Pawan[dot]solanki[at]gov[dot]in |
| 3. | Shri Kamlesh Meena (SO) | +91-11-23095090 | Meena[dot]kamlesh[at]gov[dot]in |
| EM Section | |||
| 1. | Shri Pratyush Kumar (Director) | +91-11-23095068 | pratiyush[dot]kumar[at]gov[dot]in |
| 2. | Shri Jasvinder Singh (Deputy Secretary) | +91-11-23095222 | jasvinder[dot]s[at]nic[dot]in |
| 3. | Shri Neeraj Kumar (Assistant Director) | +91-11-23095185 | Neeraj[dot]kumar007[at]gov[dot]in |
| 4. | Shri Arun Gulati (EM) (SO) | +91-11-23095154 | Arun[dot]gulati[at]nic[dot]in |
| 5. | Shri P.L. Meena (ECB) (SO) | +91-11-23095154 | Prahlad[dot]meena[at]nic[dot]in |
| 6. | Shri Ishant Goel, ASO | +91-11-23095185 | |
| 7. | Ms. Preeti Rawat, ASO | +91-11-23095154 | Preeti[dot]rawat01[at]gov[dot]in |
| SM Section | |||
| 1. | Ms. Shashi Kajle (Director) | +91-11-23092744 | shashi[dot]kajle[at]gov[dot]in |
| 2. | Ms. Garishma Goel (DD) | +91-11-23095753 | garishma[dot]goyal[at]gov[dot]in |
| 3. | Ms. Arushi Yadav (AD) | +91-11-23095003 | Arushi[dot]yadav[at]gov[dot]in |
| 4. | Shri Vinod Kumar (SO) | +91-11-23095255 | vinodkumar80[at]nic[dot]in |
| 5. | Shri Vishal Vimal (ASO) | +91-11-23095255 | |
| PM Section | |||
| 1. | Shri Rajesh Panwar (Director) | +91-11-23093170 | rajesh[dot]panwar[at]nic[dot]in |
| 2. | Shri Yash Laddha (DD) | 6267649433 | yash[dot]laddha@gov[dot]in |
| 3. | Shri Vishal Aryan (AD) | +91-11-23095205 | Vishal[dot]aryan[at]gov[dot]in |
| RE Section | |||
| 1. | Shri Shekhar Chaudhary (Director) | +91-11-23095310 | Shekhar[dot]80[at]gov[dot]in |
| 2. | Shri Kuldeep, SO (RE) | +91-11-23095262 | Kuldeep[dot]bhardwaj[at]nic[dot]in |
| 3. | Shri Pranabh Kumar, SO (IG & JPC) | +91-11-23095241 | Pranabh[dot]kumar[at]gov[dot]in |
| 4. | Shri Vishal Kaushik (ASO) | +91-11-23095262 | Vkaushik[dot]1718[at]gov[dot]in |
| IFSCA | |||
| 1. | Ms. Shashi Kajle (Director) | +91-11-23092744 | shashi[dot]kajle[at]gov[dot]in |
| 2. | Shri Saurabh Bhargava (DD) | +91-11-23095103 | s[dot]bhargava[at]gov[dot]in |
| 3. | Ms. Arushi Yadav (AD) | +91-11-23095003 | Arushi[dot]yadav[at]gov[dot]in |
| 4. | Ms. Neha Tomar, SO | +91-11-23095103 | neha[dot]tomar91[at]gov[dot]in |
| Coordination Section | |||
| 1. | Shri Jasvinder Singh (Deputy Secretary) | +91-11-23095222 | jasvinder.s[at]nic.in |
| 2. | Mrs. Rupinder Kaur (US) | +91-11-23095080 | rupinder[dot]kaur48nic[dot]in |
| 3. | Shri Pranabh Kumar (SO) | +91-11-23095241 | Pranabh[dot]kumar[at]gov[dot]in |
| 4. | Mrs. Alpana Bhagat (ASO) | +91-11-23095047 | alpana[dot]bhagat[at]nic[dot]in |
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