On December 30, RBI Governor Shaktikanta Das launched Utkarsh 2.0, the second phase of the central bank’s medium-term strategy to strengthen the regulatory regime.

“Utkarsh 2.0 builds on the strengths of Utkarsh 2022, retaining the six vision statements along with the core purpose, values ​​and mission statement,” the central bank said in a release.

The first strategic framework (Utkarsh 2022) covering 2019-2022 was launched in July 2019. It becomes the medium-term strategic document that guides the bank in achieving defined milestones.

The six vision statements are excellence in its statutory and other functions, enhanced citizen and institutional trust in RBI, increased relevance and importance of national and global roles, transparent, accountable and ethics-driven internal governance, and first-class and environmentally friendly strategy. It will be guided by advanced digital and physical infrastructure and innovative, dynamic, skilled human resources.

“The RBI has given high priority to its medium-term strategy and oversees its implementation and progress through a subcommittee of its Central Board,” the release said.