RBI Consolidates Regulatory Instructions into 238 Master Directions

  In a move to simplify compliance, the Reserve Bank of India (RBI) has consolidated its existing regulatory instructions into 238 Master Directions for 11 types of regulated entities across 30 areas. In a statement issued today, the RBI said that the exercise covers instructions issued up to 9th October, this year and will result in the repeal of around 9,000 circulars, including previous Master Circulars and Directions. The RBI said this will make regulations easier to access, reduce complia...