March 20, 2026 6:05 PM
RBI board clears 2026–27 budget, approves Utkarsh 3.0 strategy framework
The Central Board of Directors of the Reserve Bank of India (RBI) has approved the Bank’s budget for the financial year 2026–27, along with its Medium-Term Strategy Framework, Utkarsh 3.0, which will guide policy priorities from 2026 to 2029. The decision was taken at the 622nd meeting of the Central Board held in Patna under the chairmanship of RBI Governor Sanjay Malhotra. According to an official statement, the Board reviewed the evolving global and domestic economic situation, includin...