RBI forms panel to boost stakeholder role in regulations

MUMBAI: RBI said it has formed an independent panel to strengthen the stakeholder engagement in regulatory process and leverage industry expertise on a continued basis. The independent advisory group on regulation (AGR) has been formed, comprising external experts, to channel industry feedback into periodic review of regulations through regulatory review cell (RRC).

SBI MD Rana Ashutosh Kumar Singh will chair AGR. AGR will have provision to co-opt additional experts. It will have an initial tenure of three years, renewable by two years.AGENCIES