The Reserve Bank of India (RBI), through its Regulations Review Authority (RRA 2.0), has announced the withdrawal of several redundant circulars. This action is part of an ongoing review to streamline regulations. The circulars listed in the Annexure are no longer in effect as of the close of business on November 16, 2021.
RBI/2021-22/132
DoS.CO.PPG./SEC.06/11.01.005/2021-22
November 16, 2021
All Scheduled Commercial Banks (including all Small Finance Banks all Payments Banks),
Local Area Banks
All Primary Urban Cooperative Banks
Madam/Dear Sir,
Regulations Review Authority (RRA 2.0) Interim Recommendations Withdrawal of Redundant Circulars
Please refer to thePress Release dated November 16, 2021issued on the captioned subject.
2. The circulars listed in theAnnexureare withdrawn with effec
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FAQ :
RRA 2.0 stands for Regulations Review Authority 2.0, an initiative by the RBI to review and streamline existing regulations.
The purpose of this notification is to inform about the withdrawal of redundant circulars as part of the RRA 2.0's interim recommendations.
The circulars listed in the Annexure were withdrawn with effect from the close of business on November 16, 2021.
All Scheduled Commercial Banks (including Small Finance Banks and Payments Banks), Local Area Banks, and all Primary Urban Cooperative Banks are being notified.
The list of withdrawn circulars is provided in the Annexure to the notification.
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Notification No : RBI/2021-22/132 DoS.CO.PPG./SEC.06/11.01.005/2021-22Published in Community & General
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12201&Mode=0