RBI launched Utkarsh 2022, a medium-term strategy framework

Jul 25, 2019 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The Reserve Bank of India (RBI) on July 23, 2019, has launched Utkarsh 2022, a medium term strategy framework to promote the economic and financial well-being of people of India in the terms of price and financial stability; fair and universal access to financial services; and a robust, dynamic and responsive financial intermediation infrastructure. The core purpose is to foster monetary and financial stability conducive to sustainable economic growth and to ensure the development of an efficient and inclusive financial system.

The strategic framework contains the bank’s mission, core purpose, values and vision statements, reiterating the bank’s commitment to the nation. The medium-term vision statements set out the following:

• Excellence in performance of statutory and other functions;

• Strengthened trust of citizens and other Institutions in the RBI;

• Enhanced relevance and significance in national and global roles;

• Transparent, accountable and ethics-driven internal governance;

• Best-in-class and environment friendly digital as well as physical infrastructure; and

• Innovative, dynamic and skilled human resources

[Press Release: 2019-2020/226]


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