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India’s central bank launches a regulatory review body to update rules every 5–7 years, starting Oct. 1, 2025.
The Reserve Bank of India (RBI) has created a Regulatory Review Cell (RRC) to conduct comprehensive, systematic reviews of its regulations every 5 to 7 years, starting October 1, 2025.
The RRC, led by State Bank of India’s Rana Ashutosh Kumar Singh, will operate within the Department of Regulation and review rules in phases.
To enhance input from industry experts, the RBI also formed an Advisory Group on Regulation (AGR), comprising external specialists, including Singh, T. T. Srinivasaraghavan, Gautam Thakur, Shyam Srinivasan, and Ravi Duvvuru.
The AGR, with an initial three-year term renewable for two more years, will provide feedback to support the review process.
The initiative aims to maintain a flexible, up-to-date regulatory framework responsive to evolving economic conditions.
El banco central de la India lanza un organismo de revisión regulatoria para actualizar las reglas cada 5-7 años, comenzando el 1 de octubre de 2025.