RBI launches Utkarsh 2.0 for the period 2023-2025: RBI Governor, Shaktikanta Das has launched Utkarsh 2.0, the second phase of RBI’s medium-term strategy for strengthening regulatory and supervisory mechanism.
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.
January 2023 Current Affairs Quiz
Utkarsh 2.0 like the Utkarsh 2022 has six Vision statements as well as Core Purpose, Values, and Mission statements. Collectively, they create a strategic guiding path.
The Vision in Utkarsh 2.0 that will guide RBI over the period 2023-25 are:
- Excellence in performance of its 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.