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India’s central bank said on Wednesday that it has set up a body to review its regulations periodically.
The Reserve Bank of India’s (RBI) regulatory review cell will ensure that all regulations issued by the RBI are subject to a comprehensive and systematic internal review every five to seven years.
The review body will be advised by a group of six industry experts, and will be chaired by State Bank of India’s Managing Director Rana Ashutosh Kumar Singh.