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S. Janakiraman advisory Group

  • IASbaba
  • May 11, 2021
  • 0
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S. Janakiraman advisory Group

Part of: GS Prelims and GS – III – Economy

In news

  • An advisory group has been constituted to assist the second Regulatory Review Authority (RRA)
  • RRA was set up by the RBI recently to streamline regulations and reduce the compliance burden of regulated entities.

Key takeaways 

  • Headed by: SBI Managing Director S. Janakiraman. 
  • The group will assist the RRA by identifying areas, regulations, guidelines, returns which can be rationalised
  • It shall submit reports periodically to RRA containing the recommendations/suggestions.

Do you know? 

  • In 1999, the RBI had set up a Regulations Review Authority (RRA) for reviewing the regulations, circulars, reporting systems, based on the feedback from the public, banks, and financial institutions.

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