RBI scraps 9,445 circulars, issues consolidated 244 directions
RBI has repealed 9,445 circulars and consolidated rules into 244 Master Directions across 11 types of regulated entities to ease regulatory framework. Of the total repealed circulars, around 3,800 were consolidated into master circulars, while the rest were withdrawn for being obsolete. The process included all regulations issued over several decades since 1940, RBI Deputy Governor SC Murmu said.