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RBI Simplifies Regulatory Framework with New Consolidated Directions
RBI consolidates 244 Master Directions to cut duplication and ease compliance.
The Reserve Bank of India released 244 consolidated Master Directions, merging and repealing multiple older circulars to ease compliance for regulated entities. The move aims to reduce duplication, improve clarity, and create a single-point reference for banks, NBFCs, and financial intermediaries. The regulatory clean-up is part of RBI’s broader effort to streamline supervision and enhance transparency across the financial system.