Question
The Reserve Bank of India (RBI) has set up a Regulatory
Review Cell (RRC) to review rules periodically. After how many years will the regulations be reviewed?ÂSolution
The RBI established a Regulatory Review Cell (RRC) to review banking and financial regulations every 5–7 years. It will be supported by an independent Advisory Group on Regulation (AGR), chaired by Rana Ashutosh Kumar Singh (SBI MD). The aim is to keep regulations updated and relevantÂ
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