The Reserve Bank of India (RBI) has made several announcements regarding its operations and guidelines. It has released new rules concerning the settlement of dues for borrowers by Asset Reconstruction Companies (ARCs). Additionally, the RBI has established a Standing External Advisory Committee tasked with evaluating applications for Universal Banks and Small Finance Banks. The committee will be chaired by MK Jain, a former Deputy Governor of the RBI. The RBI has also appointed members to this advisory committee, further emphasizing its commitment to overseeing the banking sector's expansion and regulatory compliance.