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The Reserve Bank of India (RBI) on Thursday set up a new Regulations Review Authority (RRA 2.0) for a period of one year. The RRA will undertake a review of the central bank s regulations and compliance procedures for streamlining them and making them more effective. The RRA will be set up from May 1, 2021, for a period of one year, unless the timeline is extended by the RBI. M Rajeshwar Rao, Deputy Governor, RBI will be head of the Regulations Review Authority, the banking regulator said. It is to be noted that RBI had established an RRA back in April 1, 1999, for a period of one year to review the regulations, circulars, reporting systems, based on the feedback from the public, banks, and financial institutions.

M rajeshwar raoRegulations review authorityReserve bankRajeshwar raoDeputy governorCentral bankSebi regulationsReserve bank of indiaமீ ராஜேஸ்வர் ராவ்இருப்பு வங்கிராஜேஸ்வர் ராவ்துணை கவர்னர்