In a major consolidation exercise, rbi has released draft directions that streamline over 9,000 circulars and directions into 238 master directions across 30 functional areas, covering 11. The drafts master directions were released for public comments on october 10, 2025, along with lists of circulars proposed for repeal and notifications to remain in force. In late november 2025, the reserve bank of india (rbi) completed a historic regulatory overhaul — consolidating over 9,000 circulars, notifications, and guidelines into just 244 function.
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The reserve bank of india has reorganised its regulatory rulebook by merging thousands of circulars and guidelines into a smaller set of master directions. The reserve bank of india (rbi) on friday announced the issuance of a comprehensive set of consolidated master directions (mds), marking one of its most extensive regulatory.
