The 622nd meeting of the Central Board of the Reserve Bank of India (RBI) was held in Patna under the chairmanship of Governor Sanjay Malhotra.

The Board reviewed the evolving global and domestic economic conditions, including geopolitical developments and their impact on financial markets.

It also approved the RBI’s budget for the accounting year 2026–27 and cleared the Medium Term Strategy Framework, Utkarsh 3.0, for the period 2026–29.

Deputy Governors T. Rabi Sankar, Swaminathan J., Poonam Gupta, and Shirish Chandra Murmu, along with other board members, were present at the meeting.