RBI Sets Up 30-Member Cell to Clean Up 8,000 Pending Financial Regulations

The Reserve Bank of India has launched a 30-member Regulatory Review Cell (RRC) to review 8,000 existing financial regulations, aiming to reduce outdated rules and cut compliance costs.

Nearly 5,000 provisions are deemed obsolete. The RRC will consolidate them into around 3,000 clear, modern regulations, starting with 33 core subjects. The Cell will assess relevance, consumer impact, and regulatory gaps every 5–7 years.

This internal, Governor-backed initiative marks a shift from past clean-up efforts like RRA 2.0, embedding reform into RBI’s system.

Experts welcome the move for boosting transparency, reducing friction, and aligning regulation with evolving financial sector needs.