New Delhi, April 11 -- The Reserve Bank of India (RBI) on Friday outlined its medium-term strategy for April 2026 to March 2029 under the 'Utkarsh 2029' framework, aimed at reinforcing its position as a world-class, full-service central bank.

Strategic Focus And Key Initiatives

The strategy prioritises long-term initiatives such as Project Sa-Mudra to modernise currency management, expansion of central bank digital currency (CBDC) for efficient cross-border payments, scaling up the Unified Lending Interface (ULI) to widen credit access, and developing regulatory frameworks for emerging technologies including artificial intelligence and quantum computing.

The framework builds on the earlier Utkarsh 2.0 roadmap, with continued focus on i...