RBI set to merge regulations, repeal 9,000 circulars; seeks views by Nov 10
This story was originally published at 17:59 IST on 10 October 2025
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--RBI: Propose to consolidate all regulations as of Thu in 238 circulars
--RBI: Propose to repeal 9,000 regulatory circulars
--RBI: Seek feedback on consolidation of regulations by Nov 10
MUMBAI – The Reserve Bank of India has proposed to consolidate existing regulations issued by the Department of Regulation as of Thursday across 11 types of regulated entities on up to 30 functions or areas into 238 Master Directions. The proposal would repeal 9,000 circulars issued by the department, the central bank said in a release Friday. The RBI has sought comments on the draft proposal by Nov. 10.
The classes of regulated entities are commercial banks, small finance banks, payments banks, local area banks, regional rural banks, urban and rural co-operative banks separately, all India financial institutions, non-banking financial companies, asset reconstruction companies, and credit information companies. The RBI has in recent months increased its attention on easing access to its regulations and reviewing them regularly for updates. There has been no review of instructions in this case and the RBI is not seeking comments on reviewing the instructions, the release said.
"The extant instructions considered as obsolete or anachronistic have not been included in the consolidated Master Directions and will be repealed," the RBI said in an explanatory note to the changes. "Regulatory instructions issued by NABARD (National Bank for Agriculture and Rural Development) to Regional Rural Banks, State Central Co-operative Banks and Central Co-operative Banks have also been consolidated in consultation with NABARD." End
Reported by Aaryan Khanna
Edited by Ashish Shirke
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