By Martin Shwenk Leade
Copyright indiatimes
AgenciesRepresentative image.
The Reserve Bank of India on Wednesday announced that it has constituted a Regulatory Review Cell (RRC), in a bid to strengthen the institutional mechanism for review of regulations. The mandate of the RRC is to ensure that all the regulations issued by the Bank are subject to a comprehensive and systematic internal review every five to seven years. The RRC shall be set up in the Department of Regulation effect from October 1, 2025 and would undertake the review of regulations in a phased manner. “In order to strengthen the stakeholder engagement in the regulatory process and leverage industry expertise on a continued basis, an independent Advisory Group on Regulation (AGR) has been formed concurrently, comprising of external experts, to channel industry feedback into the periodic review of regulations through the RRC,” said the RBI in a statement. The independent AGR will have the provision to co-opt additional experts as considered appropriate. “It will have an initial tenure of three years, renewable by a further period of two years, subject to review,” according to a RBI press release. Live EventsAdd as a Reliable and Trusted News Source Add Now!
Sl. No.Name & DesignationPosition1Rana Ashutosh Kumar Singh, Managing Director, State Bank of IndiaChairman2T. T. Srinivasaraghavan, Former Managing Director & Non-Executive Director, Sundaram Finance Ltd.Member3Gautam Thakur, Chairman, Saraswat Co-operative Bank Ltd.Member4Shyam Srinivasan, Former Managing Director & Chief Executive Officer, Federal Bank Ltd.Member5Ravi Duvvuru, Former President & Chief Compliance Officer, Jana Small Finance Bank Ltd.Member6N. S. Kannan, Former Managing Director & Chief Executive Officer, ICICI Prudential Life Insurance Co. Ltd.Member(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onReserve Bank of IndiaRegulatory Review CellAdvisory Group on Regulationfinancial regulationsstakeholder engagementregulatory compliancestate bank of indiafederal bank ltd.sundaram finance ltd.jana small finance bank ltd.
(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
(You can now subscribe to our Economic Times WhatsApp channel)Read More News onReserve Bank of IndiaRegulatory Review CellAdvisory Group on Regulationfinancial regulationsstakeholder engagementregulatory compliancestate bank of indiafederal bank ltd.sundaram finance ltd.jana small finance bank ltd.(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories
