Current Affairs · RBI Regulatory Framework and Consolidation
RBI's consolidation of 9,445 circulars into 244 Master Directions represents a major regulatory simplification exercise. Which of the following is the primary policy implication of this move?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It eliminates stakeholder consultation in future regulation-making
- 2It creates a single code applicable only to new regulated entities formed after 2025
- 3It reduces overlap and obsolete instructions, thereby improving compliance efficiency across multiple regulated categories✓
- 4It narrows RBI's regulatory coverage strictly to commercial banks and NBFCs
Correct answer
It reduces overlap and obsolete instructions, thereby improving compliance efficiency across multiple regulated categories
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