Archive · 17 Sep 2025
RBI Establishes Regulatory Review Cell for Banking Rules
The RBI is creating a team, the Regulatory Review Cell (RRC), starting October 1, 2025, to review banking and financial rules.
This team, led by Rana Ashutosh Kumar Singh, will examine these rules every 5 to 7 years.
An Advisory Group with external experts will provide feedback.
The aim is to keep the rules up-to-date, effective, and aligned with best practices.
The RRC will review factors such as the stated objectives, feedback from surveillance, and global standards.
The Advisory group tenure is for three years, renewable by a further two years.
RBI formed a Regulatory Review Cell (RRC).
RRC will review regulations every 5-7 years.
Rana Ashutosh Kumar Singh will head the RRC.
RRC will be in the Department of Regulation.
An Advisory Group will provide industry feedback.
- Who
- Reserve Bank of India (RBI)
- What
- Formed a Regulatory Review Cell (RRC) to review regulations.
- When
- October 1, 2025
- Where
- Department of Regulation
- Why
- To strengthen the institutional mechanism for review of regulations.
Status Quo
Revisions
Frequency of Reviews
Status Quo
Current regulations are adequate.
Revisions
Periodic reviews are necessary to keep the regulations up to date.
- Organization
- Reserve Bank of India (RBI)
- Cell Name
- Regulatory Review Cell (RRC)
- RRC Head
- Rana Ashutosh Kumar Singh
- RRC Establishment Date
- October 1, 2025
- Review Frequency
- Every 5-7 years
- Advisory Group Tenure
- 3 years (renewable)
- RRC Department
- Department of Regulation
