The Reserve Bank of India (RBI) on December 30 launched Utkarsh 2.0 mechanism, the second phase of the central bank’s medium-term strategy for strengthening regulatory and supervisory mechanism.
- Utkarsh 2.0, the Strategy Framework being put in place for the period 2023-25, sets out the priorities, activities, and desired outcomes under each of the objectives of the Bank for the period between 2023 and 2025
Key points
Utkarsh 2.0 harnesses the strengths of Utkarsh 2022 by retaining the six Vision statements as well as Core Purpose, Values, and Mission statement.
The six vision statements are:
- excellence in performance of its statutory and other functions,
- strengthened trust of citizens and 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 and physical infrastructure, and
- innovative, dynamic and skilled human resources.
The first strategy framework (Utkarsh 2022) covering the period 2019-2022 was launched in July 2019.
It became a medium-term strategy document guiding the Bank’s progress towards realization of the identified milestones.
