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The Reserve Bank of India (RBI) has launched a comprehensive exercise to streamline and simplify its regulatory framework by consolidating all regulatory instructions issued up to October 9, 2025.
Under this initiative, the RBI will repeal around 9,000 circulars, including Master Circulars, and integrate them into 238 Master Directions covering 11 categories of regulated entities.
These entities include:
Commercial Banks, Small Finance Banks, Payments Banks, Local Area Banks, Regional Rural Banks, Urban Co-operative Banks, Rural Co-operative Banks, All-India Financial Institutions, Non-Banking Financial Companies (NBFCs), Asset Reconstruction Companies (ARCs), and Credit Information Companies (CICs).
According to the RBI,
“The consolidation involves all the regulatory instructions administered by the Department of Regulation (DoR), including those issued by the erstwhile departments now merged into the DoR, either partly or fully.”
For instance, branch authorisation guidelines for commercial banks or capital adequacy norms for small finance banks will now be available in one comprehensive master direction each, bringing greater clarity, accessibility, and consistency.
The RBI has also invited public comments on the draft guidelines, with the deadline for feedback set at November 10, 2025.
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