RBI sets timelines for regulatory approvals

Tags: News
The Reserve Bank of India (RBI) released timelines for regulatory approvals on Monday and said it will revert to the applicant if the deadline is likely to be exceeded.

The RBI announced the timeline as part of one of the recommendations of the government-appointed Financial Sector Legislative Reforms Commission (FSLRC).

In case an applicant does not get a response within the indicated timeline, the entity can approach the head of the concerned department, the RBI said.

EDITORIAL OF THE DAY

  • India’s commercial links with Britain since Company Raj will still prosper

    There is little point in shedding tears over Britain’s exit from the European Union (EU).

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Regimenting art runs counter to a creative society

For poetry makes nothing happen,” so said American poet WH ...

Zehra Naqvi

Of traitors & cadavers

There’s nothing like a book that arrests you from the ...

Dharmendra Khandal

Why drone technology doesn't work

Poaching and anti-forestry activities are a problem for forest departments ...