RBI To Scrap Nearly 9,000 Circulars In Major Regulatory Overhaul; Know Why
Last Updated:October 11, 2025, 08:09 IST The RBI plans to repeal about 9,000 circulars, consolidating rules into 238 Master Directions to simplify regulations and cut compliance costs, inviting public feedback. Explaining the rationale, the RBI noted that over several decades, as regulatory frameworks evolved and expanded, numerous directions were issued under various Acts, leading to…