Utkarsh 2022: finalized by RBI board
The Reserve Bank of India (RBI) board has finalised Three Year Roadmap to improve supervision and regulation, among other functions of central bank. This medium term strategy is named as Utkarsh 2022.
Worldwide, all central banks strengthen regulatory and supervisory mechanism and everybody is formulating a medium-term plan and a long-term plan. So, RBI also decided to formulate a pragramme to outline what is to be achieved in the next three years.
About Utkarsh 2022
It is a 3-year road map for medium term objective to be achieved for improving regulation, supervision of RBI.
This medium term strategy is in line with Global central banks’ plan to strengthen regulatory and supervisory mechanism.
An internal committee to identify issues that needed to be addressed over next 3 years was formed, which was anchored by Viral Acharya outgoing Deputy Governor of RBI.
Idea behind Utkarsh 2022 is that central bank plays a proactive role and takes preemptive action to avoid any crisis and can avoid situations like IL&FS debt default issue and crisis of confidence non-banking financial sector faced in aftermath.
T Rabi Sankar named RBI deputy governor
The Government of India recently appointed T Rabi Shankar as the fourth Deputy Governor. ContentsAbo...
RBI’s State of the Economy Report – Update (April, 2021)
The Reserve Bank of India recently released the State of Economy Report for the month of April 2021....
G-sec acquisition programme – G-SAP 1.0
The Reserve Bank of India recently announced a Government Security Acquisition Programme, GSAP 1.0. ...
What is RXIL?
RXIL is Receivables Exchange of India. Recently RXIL has become the first TReDS platform to cross mo...
RBI: RTGS could be Expanded Beyond India
Governor of Reserve Bank of India, Shaktikanta Das, while speaking at 7th edition of India Economic ...
Month: Current Affairs - July, 2019
Category: Economy & Banking Current Affairs
|View All E-Books: Recent Release|