RBI withdraws over 100 redundant circulars

The Reserve Bank on Tuesday withdrew over 100 unnecessary circulars following recommendations made by the Regulation Review Authority. Redundant circulars relating to certain norms relating to foreign investment in India by Foreign Portfolio Investors, RTGS, Know Your Customer (KYC), and Anti-Money Laundering (AML)/Combating the Financing of Terrorism (CFT) standards were withdrawn. The Regulation Review Authority … Read more