RBI releases medium-term strategy framework for FY27 to FY29
This story was originally published at 17:27 IST on 10 April 2026
Register to read our real-time news.Informist, Friday, Apr. 10, 2026
Please click here to read all liners published on this story
--RBI releases medium-term strategy framework for FY27 to FY29
--RBI: Medium-term strategy focuses on robust regulations
--RBI:Medium-term strategy focuses on customer centricity, inclusive finance
--RBI: Medium-term strategy focuses on competitive mkts, effective tech
--RBI: Medium-term strategy focuses on future readiness, global India
MUMBAI – The Reserve Bank of India Friday released its medium-term strategy framework Utkarsh 2029 for three years starting 2026-27 (Apr-Mar). The medium-term framework is based on six-strategy pillars, further divided into 49 deliverables, the RBI said in a press release.
"Each pillar encompasses overarching, forward-looking and medium-term deliverables," the RBI said. "The regular functions of RBI will continue under the Annual Action Plan of the respective Departments."
Under the 'robust regulations' segment, the strategy focusses on simplification and rationalisation of instructions to align it with the evolving economic dynamics, reduce compliance burden on regulated entities and promote ease of doing business.
The medium-term strategy also focuses on customer service in banks, improving grievance redressal across regulated entities, and scaling up universal lending instructions to boost access, reduce lending costs, and promote inclusive credit delivery. It also aims to enhance the competitiveness of markets, automate processes and improve operational efficiency. It also focuses on strengthening pricing transparency in the government bond market and retail access to markets.
The strategy plans to leverage technology to digitalise internal processes of banks and create a centralised institutional memory to promote efficiency. The medium-term strategy also plans to deploy technology-based supervisory tools and incorporate the latest technology in currency infrastructure, the RBI said. However, banknotes will be maintained, it said.
Under the medium-term strategy, the RBI plans to foster greater global cooperation and modernise payment infrastructures by implementing unified payment interface in other countries. It also includes expanding cross-border Central Bank Digital Currency arrangements, and adopting global standards to enhance global competitiveness. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Janwee Prajapati
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
