Jun 14, 2022
RBI’s
Regulations Review Authority has suggested all regulations of the central bank
should underline the rationale and be reviewed periodically to align them with
evolving industry practices and financial landscape.
Regulations Review Authority (RRA 2.0) was set-up by the Reserve Bank of India
in April last year with the objective of reducing the compliance burden on
Regulated Entities (REs) by streamlining the regulatory instructions and rationalising
reporting requirements.