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RBI Forms Regulatory Review Cell and Advisory Group on Regulation

18 September 20251 min read
BANKING & FINANCERBI FormsRegulatory ReviewCell and AdvisoryGroup on Regulation18 September 2025safalsetu.com

Why in the news

The central bank set up two bodies to make rule reviews routine: the Regulatory Review Cell (RRC) and the Advisory Group on Regulation (AGR).

Key facts

  • RRC: begins 1 October 2025 inside the Department of Regulation; runs phased reviews so each rule is checked internally every 5-7 years.
  • AGR: brings industry feedback and outside expertise into those reviews.
  • Six members; chair Rana Ashutosh Kumar Singh, MD of State Bank of India.
  • Other members: T T Srinivasaraghavan, Gautam Thakur, Shyam Srinivasan, Ravi Duvvuru, N S Kannan.
  • Term: 3 years, renewable for 2 more; extra experts can be co-opted.

Exam angle

  • Review cycle: 5-7 years.
  • Acronyms: RRC, AGR.

Test yourself

1. How often will all RBI regulations be reviewed under the Regulatory Review Cell?

The cell targets a comprehensive review every 5-7 years.

2. Who chairs the RBI's Advisory Group on Regulation?

The SBI MD chairs the six-member panel.

3. The Regulatory Review Cell functions under which RBI department?

It operates under the Department of Regulation.

This topic is part of Daily Current Affairs 18 September 2025 (14 topics).

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