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An Advisory Group to Assist RRA 2.0 Setup by RBI

Published on May 10, 2021
Current Context: The Reserve Bank of India (RBI) has constituted an advisory group that will assist the second Regulatory Review Authority (RRA 2.0).
An Advisory Group to Assist RRA 2.0 Setup by RBI
  • The advisory group is headed by SBI Managing Director S Janakiraman.
  • The advisory group will assist the RRA by identifying regulations, guidelines, and returns that can be rationalized.
  • The RRA 2.0 is being held by the central bank with an aim to streamline regulations and reduce the compliance burden of regulated entities.
  • The other members of the advisory group are: T T Srinivasaraghavan (Former Managing Director and Non-Executive Director, Sundaram Finance), Gautam Thakur (Chairman, Saraswat Co-operative Bank), Subir Saha (Group Chief Compliance Officer, ICICI Bank), Ravi Duvvuru (President and CCO, Jana Small Finance Bank), and Abadaan Viccaji (Chief Compliance Officer, HSBC India).
  • The RRA 2.0 is set up for 1 year commencing from 1st May 2021. It will review regulations, circulars, generate reports accordingly, and will streamline the compliance procedure to make it more effective.
  • Static Part:
    • HQ of RBI: Mumbai

Question: 

Q.1 Who among the following to head the advisory group set up by RBI to assist RRA 2.0?
a. T T Srinivasaraghavan
b. Subir Saha
c. Ravi Duvvuru
d. S Janakiraman
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