 "S C Murmu")
The Reserve Bank of India (RBI) has consolidated the norms for the entities it regulates into 244 master directions with a view to making following the central bank’s instructions and guidelines easy — a move that will reduce the compliance burden for organisations in the financial sector.
The exercise involved consolidating more than 9,000 existing circular/ guidelines issued by Department of Regulations into 244 function-wise master directions specific to each category of regulated entities.
Nearly 9,500 circulars are being repealed or withdrawn.
Instructions of the National Bank for Agricultural and Rural Development
