The 622nd meeting of the Central Board of the Reserve Bank of India

Current Context: The 622nd meeting of the Central Board of Directors of RBI (Reserve Bank of India) was held in Patna on 20 March 2026, chaired by Governor Sanjay Malhotra.

• The Board approved the 2026‑27 Budget, outlining operational spending and infrastructure priorities.
• It launched Utkarsh 3.0 (2026–2029), RBI’s Medium‑Term Strategy Framework, succeeding Utkarsh 2.0. Focus areas: financial stability, regulatory & supervisory strengthening, and digital transformation.
• A detailed economic and geopolitical review was conducted, with emphasis on West Asia conflicts and global supply chains.
• The meeting set RBI’s three‑year roadmap for digital maturity, resilience, and regulatory innovation.

Question:

Q.1 At the 622nd RBI Board meeting, which strategic framework was launched for the period 2026–2029?
a) Vision 2030
b) Utkarsh 2.0
c) Utkarsh 3.0
d) Digital India 2.0

Answer: c) Utkarsh 3.0 is RBI’s Medium-Term Strategy Framework for 2026–2029.