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IIHL is awaiting the green signal from the insurance sector regulator IRDAI for the Rs 9,661 crore Reliance Capital acquisition
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
The central bank modified the norms to standardise the filing of supervisory returns by banks and NBFCs to bring clarity, brevity and harmonisation to the instructions issued to various supervised entities for return submission.
The Master Direction provides a broader framework to understand the purpose of the returns and harmonises the timelines for their submission, RBI said in a release.
The move will help reduce the burden of compliance on the regulated entities based on the recommendations of the Regulations Review Authority (RRA 2.0) and an Internal Working Group of RBI.