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Following is the list of reforms in capital market of India
1. SEBI or The Securities and Exchange Board of India was established to act as a regulator for merchant banks, mutual funds and as promoter for stock exchange. It also functioned as the regulatory authority of activities related to the new issue of companies.
2. Various credit rating agencies like ICRA, CRISIL and CARE were setup which were given the task to determine the financial health of institutions and all such agencies which were dealing in stock market activities.
3. Growth of mutual funds has made users to invest in capital market.
4. Setting up of NSE and its recognition in 1994 which paved the way for trading of money market and capital market securities.
5. Setting up of investor education and protection fund in 2001 for guiding investors about capital market and protect them from any malpractices and fraud.