Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Reserve Bank of India Establishes Ambitious Targets for its Centennial Year | Financial Updates

Reading Time: < 1 minute

The Reserve Bank of India (RBI) has unveiled its ambitious roadmap for its 100th year, aiming to enhance India’s global footprint and solidify its position as a model central bank of the Global South. As the central bank entered its 90th year of operations on April 1, 2024, RBI Governor Shaktikanta Das outlined the key goals and strategies for the next decade.

The RBI@100 document outlines 14 key aspirational goals, including refining monetary policy frameworks, deepening financial inclusion, and internationalizing the Indian rupee. One of the top agenda items is the review of the Monetary Policy Framework to balance price stability and economic growth from an emerging market economy perspective.

The central bank also plans to expand banking domestically, position Indian banks among the top 100 global banks, and support the International Financial Services Centres Authority (IFSCA) to make GIFT City a leading international financial center. Additionally, measures will be taken to safeguard users against payment frauds, deepen digital payment systems, and implement Central Bank Digital Currency (e-Rupee).

Furthermore, the RBI aims to make its supervision a global model, expand credit availability, liberalize the capital account, and internationalize the Indian rupee. The central bank also plans to set up financial sector cloud infrastructure and develop a secure global financial messaging hub.

With these ambitious goals and strategies in place, the RBI is gearing up to remain future-ready for India’s fast-growing economy and enhance its global presence as it approaches its centenary year. Stay tuned for updates on the central bank’s progress towards achieving these milestones.

Taylor Swifts New Album Release Health issues from using ACs Boston Marathon 2024 15 Practical Ways To Save Money