The Reserve Bank of India (RBI) has announced that it will hold a press conference at 5:00 PM today, focusing on a major regulatory update. According to the official communication, the briefing will address the consolidation of regulatory instructions, a move aimed at simplifying and streamlining the vast framework of guidelines that govern India’s financial system.
RBI Deputy Governor Shirish Chandra Murmu is expected to address the press conference and provide clarity on the central bank’s latest initiative.
What does “consolidation of regulatory instructions” mean?
The RBI has, over the decades, issued thousands of circulars, notifications, and instructions across banks, NBFCs, payment systems, and fintech entities. Many of these overlap, have been superseded, or need harmonisation.
Today’s press conference is expected to cover:
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The merging of old and new regulatory instructions
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Withdrawal of outdated circulars
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Creation of a simplified, centralised regulatory framework
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Guidance for banks, NBFCs, and financial institutions on compliance
The central bank has been working on a multi-year exercise to make its rulebook easier to navigate, improve transparency, and reduce compliance ambiguity for regulated entities.
Why now?
The timing comes amid:
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Growing fintech activity
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A need for consistent regulation across digital lending and payments
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RBI’s ongoing push to strengthen supervisory oversight
The consolidation announcement is likely part of the central bank’s broader attempts to modernise regulatory architecture before the next financial year begins.
Full details will be available once the RBI issues its official notification following the 5 PM briefing.
