RBI Governor Malhotra's First Year: 81 Reforms & Regulatory Overhaul

• RBI Governor Sanjay Malhotra completed his first year, implementing 81 regulatory changes and sweeping reforms across banking, markets, and compliance.
• Malhotra's tenure saw continuous updates to master directions, revisions to exposure norms, and new guidelines in lending, capital markets, and consumer protection.
• In October, RBI announced over 21 deregulatory measures, including allowing banks to finance M&A and raising limits on loans against shares, REITs, and InvITs.
• The RBI launched a major initiative to simplify regulations, consolidating 3,809 circulars and scrapping 5,673 obsolete ones.
• Reforms indicate a shift towards simplification, greater operational freedom for institutions, and alignment with global standards.

Why It Matters: RBI's 81 regulatory changes by Sanjay Malhotra reshape India's financial landscape.