RBI Issues New Framework for Regulations

On 7th May 2025, the Reserve Bank of India released a structured framework to standardise the formulation, amendment, and review of all its regulatory instruments, ensuring greater transparency and stakeholder participation.

The framework mandates that all new regulations, including directions, guidelines, policies, and standards, be published in draft form on the RBI website for public consultation.
A statement of particulars must accompany every draft regulation, detailing its objectives, intended impact, and relevant international guidance or best practices.
Stakeholders will be given a minimum of 21 days to submit feedback or comments on the proposed regulation.
RBI is required to publish a general statement outlining its response to the feedback received before finalising and publishing the regulation.
The same public consultation process must be followed for any future amendments to existing regulations.