RBI issues 244 Master Directions, consolidating over 9,000 circulars aimed at reducing compliance burden
MSN
RBI issues 244 Master Directions, consolidating over 9,000 circulars aimed at reducing compliance burden
The Reserve Bank of India has reorganised its regulatory rulebook by merging thousands of circulars and guidelines into a smaller set of Master Directions. The central bank said the move is meant to reduce compliance burden and make rules easier to follow for banks and other regulated entities.
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