RBI Unveils Major Regulatory Overhaul with Seven-Decade Cleanup

RBI consolidated seven decades of rules into 244 master directions, eliminating obsolete circulars and introducing clearer compliance norms, including new digital banking standards.

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3 days ago

RBI Unveils Major Regulatory Overhaul with Seven-Decade Cleanup

RBI Unveils Major Regulatory Overhaul with Seven-Decade Cleanup
India’s central bank has completed a sweeping reorganisation of its regulatory instructions, consolidating rules issued over nearly seventy years into 244 master directions across 11 categories of regulated entities. The effort scrapped 9,446 circulars, including more than 5,600 deemed obsolete, replacing a scattered rulebook with a single structured framework.