Current Affairs · Banking Regulations
With reference to the Regulatory Review Authority (RRA 2.0) and regulatory review mechanisms constituted by the Reserve Bank of India (RBI) to streamline regulations, consider the following statements: 1. The regulatory review process incorporates systematic internal evaluation of instructions alongside suggestions from external stakeholders. 2. The Advisory Group set up to assist the review mechanism consists exclusively of RBI officials to ensure confidentiality. 3. The institutional setup for regulatory review has a permanent, non-renewable tenure of five years. Which of the statements given above is/are correct?
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