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RBI Regulatory Review Cell: Periodic Rule Clean-Up

12 January 20261 min read
BANKING & FINANCERBI RegulatoryReview Cell:Periodic RuleClean-Up12 January 2026safalsetu.com

Why in the news

The RBI is gearing up for broad reforms meant to modernise the financial system in step with Viksit Bharat 2047. A new Regulatory Review Cell is one of the tools, following earlier moves to simplify rules and tighten governance.

Key facts

  • Body: Regulatory Review Cell (RRC), set up by the RBI.
  • Location: housed in the RBI’s Department of Regulation.
  • Start: operational from 1 October 2025.
  • Mandate: a full review of regulations every 5-7 years.
  • Goal: remove outdated rules, described as regulatory spring-cleaning.

Background

  • It builds on the Regulatory Review Authority (RRA 2.0).
  • More than 400 circulars have been withdrawn.
  • Inspired by best practice among global central banks.
  • Also draws on the Law Commission of India’s 96th Report (1984), which urged periodic repeal of obsolete laws.

Exam angle

  • Parent regulator: Reserve Bank of India, Department of Regulation.
  • Review cycle: every 5-7 years.
  • Related term: Regulatory Review Authority 2.0.

Test yourself

1. In which RBI department is the Regulatory Review Cell housed?

The RRC sits in the RBI's Department of Regulation.

2. How often is the RBI's Regulatory Review Cell mandated to review regulations comprehensively?

The mandate is a comprehensive review every 5-7 years.

3. From which date did the Regulatory Review Cell become operational?

It became operational from 1 October 2025.

This topic is part of Daily Current Affairs 11 & 12 January 2026 (23 topics).

All topics of the dayDay quizJanuary 2026

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