Utkarsh 2029: Medium-Term Strategy Framework April 2026-March 2029
Summary
RBI has released Utkarsh 2029, its medium-term strategy framework covering April 2026 to March 2029. The framework builds on the prior Utkarsh 2.0 (2023-2025) and includes six strategic pillars: Robust Regulations, Customer Centricity and Inclusive Finance, Competitive Markets, Effective Technology, Future-ready Organisation, and Global India. Progress will be monitored by a Sub-committee of RBI's Central Board.
What changed
RBI has released its medium-term strategy framework Utkarsh 2029 for the period April 2026 through March 2029, succeeding Utkarsh 2.0 (2023-2025). The framework establishes six strategic priorities: Robust Regulations, Customer Centricity and Inclusive Finance, Competitive Markets, Effective Technology, Future-ready Organisation, and Global India. Implementation will be monitored by a Sub-committee of the Central Board.
For regulated entities and market participants, this announcement does not create immediate compliance obligations or deadlines. However, the stated strategic priorities may signal areas of regulatory focus and supervisory attention over the 2026-2029 period, including regulatory modernization, financial inclusion, and technology effectiveness.
What to do next
- Monitor for updates
Archived snapshot
Apr 11, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Press Releases
| () | |
| Date : Apr 10, 2026 | |
| Utkarsh 2029 – Reserve Bank of India’s Medium-term Strategy Framework for 2026-29 | |
| | The Reserve Bank of India had adopted the Medium-term Strategy Framework (Utkarsh 2.0) covering the period 2023-2025 in December 2022 which guided the Bank’s progress towards realisation of the identified milestones.
In continuation of the above and building upon the progress made thereunder, the Bank has now prepared its Medium-term Strategy Framework Utkarsh 2029 for the period April 2026 to March 2029. The framework encompasses six strategy pillars guided by a succinct vision statement and values. The six strategy pillars highlighting the broad strategic priorities of the Bank are:
- Robust Regulations
- Customer Centricity and Inclusive Finance
- Competitive Markets
- Effective Technology
- Future-ready Organisation
- Global India
Each pillar encompasses overarching, forward-looking and medium-term deliverables. The regular functions of RBI will continue under the Annual Action Plan of the respective Departments.
The Reserve Bank of India attaches high importance to its medium-term strategy and monitors its implementation and progress through a Sub-committee of its Central Board.
(Brij Raj)
Chief General Manager
Press Release: 2026-2027/64 | | The Reserve Bank of India had adopted the Medium-term Strategy Framework (Utkarsh 2.0) covering the period 2023-2025 in December 2022 which guided the Bank’s progress towards realisation of the identified milestones.
In continuation of the above and building upon the progress made thereunder, the Bank has now prepared its Medium-term Strategy Framework Utkarsh 2029 for the period April 2026 to March 2029. The framework encompasses six strategy pillars guided by a succinct vision statement and values. The six strategy pillars highlighting the broad strategic priorities of the Bank are:
- Robust Regulations
- Customer Centricity and Inclusive Finance
- Competitive Markets
- Effective Technology
- Future-ready Organisation
- Global India Each pillar encompasses overarching, forward-looking and medium-term deliverables. The regular functions of RBI will continue under the Annual Action Plan of the respective Departments.
The Reserve Bank of India attaches high importance to its medium-term strategy and monitors its implementation and progress through a Sub-committee of its Central Board.
(Brij Raj)
Chief General Manager
Press Release: 2026-2027/64 |
| The Reserve Bank of India had adopted the Medium-term Strategy Framework (Utkarsh 2.0) covering the period 2023-2025 in December 2022 which guided the Bank’s progress towards realisation of the identified milestones.
In continuation of the above and building upon the progress made thereunder, the Bank has now prepared its Medium-term Strategy Framework Utkarsh 2029 for the period April 2026 to March 2029. The framework encompasses six strategy pillars guided by a succinct vision statement and values. The six strategy pillars highlighting the broad strategic priorities of the Bank are:
- Robust Regulations
- Customer Centricity and Inclusive Finance
- Competitive Markets
- Effective Technology
- Future-ready Organisation
- Global India Each pillar encompasses overarching, forward-looking and medium-term deliverables. The regular functions of RBI will continue under the Annual Action Plan of the respective Departments.
The Reserve Bank of India attaches high importance to its medium-term strategy and monitors its implementation and progress through a Sub-committee of its Central Board.
(Brij Raj)
Chief General Manager
Press Release: 2026-2027/64 | |
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