The Reserve Bank of India (RBI) has established a new Regulatory Review Cell (RRC), effective October 1, 2025, aimed at strengthening the internal process for evaluating the central bank’s regulations. The RRC is tasked with ensuring a comprehensive and systemic internal review of all RBI regulations every five to seven years.
To support this periodic review, the RBI also created an Advisory Group on Regulation (AGR), an independent body designed to channel industry feedback to the RRC. The AGR will be chaired by Shri Rana Ashutosh Kumar Singh, Managing Director of the State Bank of India. Other distinguished members include former executives from Sundaram Finance, Federal Bank, Saraswat Co-operative Bank, Jana Small Finance Bank, and ICICI Prudential Life Insurance.
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