RBI Deputy Governor Shirish Chandra Murmu said that the move to issue 244 Consolidated Master Directions (MDs) marks one of the most significant regulatory simplification efforts undertaken by the central bank in recent years. He explained that these Master Directions bring together all regulatory instructions issued to Regulated Entities (REs) over several decades, many of which were scattered across circulars, guidelines, and notifications.
Murmu added that the consolidated framework—now administered under the Department of Regulation—is aimed at ensuring greater clarity, removing overlaps, and reducing the compliance burden on financial institutions. According to him, this exercise will not only make regulatory expectations more transparent but also help banks and other regulated entities follow a more streamlined, updated, and uniform set of rules.
RBI ke Deputy Governor Shirish Chandra Murmu ne kaha ki 244 Consolidated Master Directions (MDs) jari karna pichhle kuch saalon mein central bank dwara ki gayi sabse badi regulatory simplification exercises mein se ek hai. Unhone bataya ki in Master Directions ke through, Regulated Entities (REs) ke liye kai dashkon se jari ki gayi saari regulatory instructions ko ek jagah compile kar diya gaya hai, jo pehle alag-alag circulars, guidelines aur notifications mein bikhri hui thi.
Murmu ne further kaha ki Department of Regulation ke under tayyar ki gayi yeh consolidated framework ka main aim regulatory clarity badhana, unnecessary overlaps hataana, aur financial institutions par compliance burden kam karna hai. Unke mutabik, is step se regulatory expectations zyada transparent hongi, aur banks aur dusri regulated entities ek more streamlined, updated aur uniform rulebook follow kar payengi.
This news is for information only and is not investment advice. Please do your own research before making investment decisions.