RBI board finalises ‘Utkarsh 2022’ to improve regulation and supervision

RBI board finalises ‘Utkarsh 2022’ to improve regulation and supervision

• The Reserve Bank of India (RBI) board has finalised a three- year roadmap named “Utkarsh 2022” to improve regulation and supervision and various other functions of the central bank.

• To identify issues that needed to be addressed over the next three years, an internal committee was formed. It was headed by outgoing Deputy Governor Viral Acharya.

• This is in line with the practice of Central Banks across the world, that make long term and short term plans.

Points to remember:

1. Name of the three- year roadmap by RBI to improve regulation and supervision functions of RBI?
2. “Utkarsh 2022” is a how many year roadmap?
3. Head of the committee for deciding the oadmap named “Utkarsh 2022” ?- Viral Acharya