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of <h1>RBI Launches Enforcement Department to Streamline and Expedite Regulatory Compliance for Banks, Operational Since April 2017.</h1> The Reserve Bank of India (RBI) has established an Enforcement Department (EFD) to centralize and expedite regulatory compliance for commercial banks. Operational since April 3, 2017, the EFD aims to separate the oversight of potential rule breaches from the decision-making on punitive actions, ensuring a fair and evidence-based enforcement process. This initiative was confirmed by the Minister of State for Finance in response to a parliamentary question.
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