Panel set up by RBI to assist regulatory review authority

The RBI has been set up an advisory group to assist the second regulatory review authority (RRA 2.0) which was constituted by the central bank earlier this month to streamline regulations and reduce the compliance burden of regulated entities.

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Headed by SBI Managing Director S. Janakiraman, the group will assist the RRA by identifying regulations, guidelines, and returns that can be rationalised.

The group will assist the RRA by identifying areas, regulations, guidelines, returns which can be rationalised and submit reports periodically to RRA containing the recommendations/suggestions.