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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

RBI issues a Press Release inviting Comments and Suggestions on the Draft of Consolidated Regulations

10-Oct-2025 | Press Release: 2025-2026/1291

RBI has issued a press release on 'Consolidation of Regulations - Drafts for Comments'.

Salient features of the press release are as follows:
1. The Reserve Bank of India (RBI) is streamlining its regulatory framework to reduce compliance burden and costs by consolidating all regulatory instructions issued by the Department of Regulation on an 'as-is' basis. This exercise does not alter existing regulations but updates terminology, removes ambiguities, and repeals outdated or irrelevant instructions.
2. Regulatory instructions issued up to October 9, 2025, have been consolidated into 238 Master Directions, covering 11 types of regulated entities and about 30 functional areas. As part of this exercise, around 9,000 circulars, including old Master Circulars and Master Directions, will be repealed. RBI has released draft versions of:
a. 238 consolidated Master Directions/Guidelines, and
b. A list of circulars proposed to be repealed, for public review and feedback.
3. The consolidation aims to make regulatory instructions more accessible and transparent, enabling regulated entities to clearly identify applicable guidelines and thereby reducing compliance costs.
4. The new format and structure include:
a. Integration of advisory content, FAQs, and illustrations into the main text.
b. Annexures limited to forms and formats.
c. Board responsibilities grouped in one section.
d. A-Miscellaneous Master Direction? to cover residual instructions for each entity type.

Comments and feedback on accuracy and completeness can be submitted by November 10, 2025, either through "Connect 2 Regulate" section on RBI's website or by email with the subject line "Feedback on". Suggestions for changing or reviewing the substance of existing instructions will not be considered in this exercise.

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