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The Reserve Bank of India (RBI) has issued the Master Direction u2013 Reserve Bank of India (Filing of Supervisory Returns) Directions u2013 2024, aimed at clarifying, simplifying, and harmonizing the submission of returns by regulated entities. The Master Direction consolidates 20 existing instructions, removes obsolete ones, and provides a single framework for compliance. It also includes a summary of changes made for ease of reference, reducing the burden of compliance on regulated entities.
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