The Reserve Bank of India (RBI) on Friday initiated to consolidation its regulatory framework to streamline compliance and enhance clarity for regulated entities. As part of this exercise, the RBI has merged approximately 9,000 circulars, including Master Circulars and Master Directions into 238 consolidated Master Directions, categorised across 11 types of regulated entities and 30 functional areas.
This move, effective up to October 9, 2025, aims to reduce regulatory burden and compliance costs while improving accessibility and applicability of instructions. The consolidation is strictly on an ‘as is’ basis, without modifying the substance of existing regulations. Drafts of the consolidated Master Directions and a list of circulars proposed for repeal have been put out for public comment. Stakeholders are invited to provide feedback on completeness and accuracy by November 10, 2025.
