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]

The mandate of the RRC is to ensure that all the regulations issued by the Bank are subject to a comprehensive and systematic internal review every five to seven years. The RRC shall be set up in the Department of Regulation effect from October 1, 2025 and would undertake the review of regulations in a phased manner. "In order to strengthen the The independent AGR will have the provision to co-opt additional experts as considered appropriate. "It will have an initial tenure of three years, renewable by a f ...