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RBI Board Meets in Udaipur: Assessing Global Risks Amid Economic Challenges

The RBI's Central Board of Directors held their 619th meeting in Udaipur today. Governor Sanjay Malhotra chaired the session with all deputy governors and board members in attendance. During the meeting, participants took both the Integrity Pledge and Rashtriya Ekta Diwas Pledge. The board thoroughly reviewed global economic conditions and assessed various RBI departments' functioning.

Key Points: RBI Central Board Meeting Held in Udaipur Under Governor Malhotra

  • Board members took Integrity Pledge during Vigilance Awareness Week 2025
  • Assessed emerging global and domestic economic challenges and risks
  • Reviewed functioning of Central Board Sub-Committees and departments
  • Evaluated Deposit Insurance Corporation and consumer protection activities
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619th meeting of Central Board of Directors of Reserve Bank of India held today in Udaipur

RBI Central Board meets in Udaipur, takes integrity pledge, reviews global economic risks and financial market developments during 619th meeting chaired by Governor Sanjay Malhotra.

"The Board assessed the emerging global and domestic economic landscape, including the evolving geopolitical and financial market developments - RBI Official Release"

Udaipur, October 31

The 619th meeting of the Central Board of Directors of Reserve Bank of India (RBI) was held today in Udaipur under the Chairmanship of Sanjay Malhotra, Governor.

The Central Board took the Integrity Pledge in observance of the ongoing Vigilance Awareness Week 2025, as well as the Rashtriya Ekta Diwas Pledge in observance of the 150th birth anniversary of Sardar Vallabhbhai Patel, according to an official release from the RBI.

As per the release, the Board assessed the emerging global and domestic economic landscape,including the evolving geopolitical and financial market developments and associated challenges. The Board reviewed the functioning of various Sub-Committees of the Central Board and assessed the activities of the Deposit Insurance and Credit Guarantee Corporation, as well as select Central Office Departments, including the Consumer Education and Protection Department.

Deputy Governors T Rabi Sankar, Swaminathan J, Dr Poonam Gupta, Shirish Chandra Murmu and other Directors of the Central Board - Nagaraju Maddirala, Secretary, Department of Financial Services; Anuradha Thakur, Secretary, Department of Economic Affairs; Satish K. Marathe, Revathy Iyer, Pankaj Ramanbhai Patel and Dr Ravindra H Dholakia - attended the meeting.

- ANI

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Reader Comments

R
Rajesh Q
Sardar Patel's 150th birth anniversary pledge is a nice gesture, but I wish the RBI would focus more on reducing home loan interest rates. Common people are struggling with EMIs. Some concrete action would be appreciated.
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Sarah B
As someone working in finance, I appreciate that they're reviewing global economic developments. With the current geopolitical situation, India needs strong monetary policy guidance. Hope they're preparing contingency plans.
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Aditya G
Glad to see consumer protection department being reviewed. Many of us face issues with banks and NBFCs. Hope this leads to stronger grievance redressal mechanisms for ordinary citizens. 👍
M
Michael C
Holding the meeting in Udaipur instead of Mumbai/Delhi shows RBI's commitment to taking governance across India. Good symbolic move, though I hope the substance of discussions matches the symbolism.
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Nisha Z
With so many deputy governors and directors attending, I hope they discussed inflation control measures. Vegetable prices are still too high for middle-class families. Some relief would be welcome.

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