RBI Board Reviews Geopolitical Developments, Approves FY27 Budget

The Central Board of Directors of the Reserve Bank of India (RBI) met in Patna for its 622nd meeting under Governor Sanjay Malhotra.

The Board reviewed global and domestic economic conditions, with a focus on geopolitical developments and their impact on financial markets and related risks. Members discussed changes in the external environment and assessed their implications for policy and market stability. The Board also examined challenges linked to these developments in the current financial landscape.

During the meeting, the Board approved the central bank’s budget for the accounting year 2026–27. It also cleared the Medium Term Strategy Framework, Utkarsh 3.0, which will guide operations for the period from 2026 to 2029. The meeting forms part of the Board’s periodic review of economic conditions and institutional planning.