Reserve Bank of India (RBI). (File Photo: IANS)
The Reserve Bank of India (RBI) will be set up a new Regulations Review Authority (RRA 2.0) from May 1, 2021, to review the regulations, circulars, reporting systems and compliance procedures of the central bank for streamlining them and making them more effective. The RRA will be set up for a period of one year unless the timeline is extended by the RBI.
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About the Regulations Review Authority:
Important takeaways for all competitive exams:
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