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RBI's Regulations Review Authority sets up advisory group
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SME Times News Bureau | 07 May, 2021
The Regulations Review Authority of the Reserve Bank of India (RBI) has constituted an advisory group to support it.
The
group will assist the RRA by identifying areas, regulations, guidelines
and returns which can be rationalised and submit reports periodically
to the RRA containing its recommendations.
"The RRA has
constituted an Advisory Group, representing members from regulated
entities, including compliance officers, to support the RRA in achieving
the objective set forth in the terms of reference of RRA 2.0," said an
RBI statement.
State Bank of India Managing Director S.
Janakiraman will be the Chairman of the advisory group and the other
members are T.T. Srinivasaraghavan (former Managing Director and
Non-Executive Director, Sundaram Finance), Gautam Thakur (Chairman,
Saraswat Co-operative Bank), Subir Saha (Group Chief Compliance
Officer, ICICI Bank), Ravi Duvvuru (President and CCO, Jana Small
Finance Bank), and Abadaan Viccaji (Chief Compliance Officer, HSBC
India).
Further, to undertake its preparatory work, the group has
decided to invite feedback and suggestions from all regulated entities,
industry bodies and other stakeholders. The suggestion and feedback
will have to be sent by June 15.
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