RBI issues Master Direction to standardize filing of supervisory returns by banks and NBFCs, reducing compliance burden.
RBI issues directions to standardize filing of supervisory returns by banks and NBFCs, aiming to reduce compliance burden on regulated entities. The move follows recommendations from the Regulations Review Authority 2.0 and an Internal Working Group of the central bank. The new Master Direction consolidates 20 existing instructions, creating a single document for ensuring compliance related to submission of all supervisory data.
February 27, 2024
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