The Reserve Bank of India has set up a Regulations Review Authority (RRA 2.0), initially for a period of one year from 1 May 2021 and a Group of Advisors to assist RRA was also constituted on 7 May. The Group of Advisors has sought feedback and suggestions from all regulated entities, industry bodies and stakeholders as part of its preparatory work and the last date for sending suggestions and feedback has been extended to 30 June 2021 from the earlier date of 15 June in view of the disruptions on account of the pandemic.
