The Drugs Controller General of India, DCGI, within the Indian Central Drugs Standard Control Organization (CDSCO), is responsible for licensing cord blood banks within India. The licenses are governed by amendment to the Drugs and Cosmetics Act and Rules of 1945 that became effective in 2012. The accreditation agency AABB provides a summary of requirements for licensed banks.
Parents in India should only contract with banks that are listed as DCGI LICENSED: May 2015 list, . There are stories in the media describing government raids to shut down unlicensed banks.