India’s central bank establishes regulatory review cell

It will ensure the systemic internal review of regulations every 5-7 years.

The Reserve Bank of India (RBI) has established a Regulatory Review Cell (RCC) with the goal of strengthening its institutional mechanism for reviewing regulations.

The RRC is tasked with ensuring that all regulations issued by India’s central bank are subject to a comprehensive and systemic internal review every 5-7 years, RBI said in a statement on 17 September 2025.

Separately, an independent advisory group on regulation (AGR) has been formed to channel industry feedback into the periodic review of regulations the the RRC. Shri Rana Ashutosh Kumar Singh, managing director of the State Bank of India, will serve as chairman of the AGR.

Singh is joined by Shr T.T. Srinivasaraghavan, former managing director and non-executive director of Sundaram Finance; Shri Gautam Thakur, chairman of Saraswat Co-operative Bank, Shri Syam Srinivasan, former managing director and CEO of Federal Bank; Shri Ravi Duvvuru, former president and chief compliance officer of Jana Small Finance Bank; and Shri N. S. Kannan, former managing director and CEO of ICICI Prudential Life Insurance.

The RRC shall be set up in the Department of Regulation, with effect from 1 October 2025.