UTKARSH 2022

July 9, 2019

The Reserve Bank of India (RBI) board has finalised a three- year roadmap to improve regulation and supervision, among other functions of the central bank.

About:

  • Utkarsh 2022 is a three-year road map for medium term objective to be achieved for improving regulation, supervision of the RBI.

  • This medium term strategy is in line with the global central banks’ plan to strengthen the regulatory and supervisory mechanism.

  • An internal committee was formed, which was anchored by outgoing Deputy Governor Viral Acharya, to identify issues that needed to be addressed over the next three years.

Source : The Hindu