Group 1 - The Reserve Bank of India has established a Regulatory Review Cell (RRC) to strengthen the institutional mechanism for reviewing regulations, which will conduct comprehensive internal reviews every 5 to 7 years starting from October 1, 2025 [1] - An independent Advisory Group on Regulation (AGR) has been formed to enhance stakeholder engagement and incorporate industry feedback into the regulatory review process through the RRC [2] - The AGR consists of external experts from various financial institutions, with an initial tenure of three years, which can be renewed for an additional two years [2]

Core Points - The Reserve Bank of India (RBI) has established a Regulatory Review Cell (RRC) to enhance the institutional mechanism for reviewing regulations [5] - The RRC will conduct a comprehensive and systematic internal review of all regulations issued by the Bank every five to seven years [5] - The RRC will be operational in the Department of Regulation starting from October 1, 2025, and will undertake the review in a phased manner [5] - An independent Advisory Group on Regulation (AGR) has been formed to strengthen stakeholder engagement and incorporate industry feedback into the regulatory review process [5] - The AGR will have the ability to co-opt additional experts as deemed necessary and will have an initial tenure of three years, which can be renewed for an additional two years subject to review [2][5]