RBI Streamlines Compliance Framework by Consolidating 9,400+ Norms

RBI consolidated over 9,400 circulars into 244 master directions, simplifying compliance and adding new digital banking norms for a clearer, unified regulatory framework.

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4 days ago

RBI Streamlines Compliance Framework by Consolidating 9,400+ Norms

RBI Streamlines Compliance Framework by Consolidating 9,400+ Norms
The Reserve Bank of India announced a major regulatory overhaul, issuing 244 master directions that merge more than 9,400 legacy circulars and guidelines. The consolidation follows an extensive review in which 3,809 instructions were reorganised into 238 master directions for 11 categories of regulated entities, including commercial banks, small finance banks, NBFCs and rural cooperative institutions.