Source: The post is based on the article “RBI launches Utkarsh 2.0 for the period 2023-2025” published in Moneycontrol on 4th January 2023
What is the News?
The Reserve Bank of India (RBI) has launched Utkarsh 2.0.
What is Utkarsh?
Utkarsh is a three-year roadmap of the Reserve Bank of India(RBI) to improve regulation and supervision among other functions of the central bank.
The first strategy framework (Utkarsh 2022) covering the period 2019-2022 was launched in 2019.
What is the purpose of Utkarsh 2.0?
Utkarsh 2.0 addresses the period 2023-25. It harnesses the strengths of Utkarsh 2022 by retaining the six vision statements as well as core purpose, values, and mission.
The six vision statements are: 1) excellence in performance of its statutory and other functions, 2) strengthened trust of citizens and institutions in the RBI, 3) enhanced relevance and significance in national and global roles, 4) transparent, accountable and ethics-driven internal governance, 5) best-in-class and environment-friendly digital and physical infrastructure and 6) innovative, dynamic and skilled human resources will guide the strategy.