Regulations Review Authority (RRA) 2.0 – Interim Recommendations – Withdrawal of Redundant Circulars RBI/2021-22/128


Quick Summary
The Reserve Bank of India (RBI) has announced the withdrawal of several redundant circulars, effective from the close of business on November 16, 2021. This action is part of the interim recommendations from the Regulations Review Authority (RRA) 2.0 initiative. The circulars affected are listed in the Annex of the notification.

RBI/2021-22/128 DoR.RRA.69/01.01.101/2021-22 November 16, 2021 All Scheduled Commercial Banks All Payments Banks All Small Finance Banks All Local Area 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 The circulars listed in theAnnexare withdrawn with effect from close of business today. Yours faithfully (Ne
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FAQ :

RRA 2.0 refers to the Regulations Review Authority 2.0, an initiative by the RBI to review and streamline existing regulations.

The purpose of this notification is to inform scheduled commercial banks, payments banks, small finance banks, and local area banks about the withdrawal of redundant circulars.

The circulars were withdrawn with effect from the close of business on November 16, 2021.

The list of withdrawn circulars is provided in the Annex of the notification.

The notification is addressed to all Scheduled Commercial Banks, Payments Banks, Small Finance Banks, and Local Area Banks.

 

Guest
Notification No : RBI/2021-22/128 DoR.RRA.69/01.01.101/2021-22
Published in Community & General
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12197&Mode=0

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