New Delhi, March 20 -- The Central Board of Directors of the Reserve Bank of India (RBI) approved the Bank's budget for the accounting year 2026-27 and also the Bank's Medium Term Strategy Framework (Utkarsh 3.0) for the period 2026-29.

According to an RBI press release, the Board's 622nd meeting was held on Friday in Patna. The session was conducted under the chairmanship of RBI Governor Sanjay Malhotra.

"The Board assessed the emerging global and domestic economic scenario, including the evolving geopolitical developments and their impact on financial markets, along with associated challenges. The Board approved the Bank's budget for the accounting year 2026-27 and also the Bank's Medium Term Strategy Framework (Utkarsh 3.0) for the p...