RBI Rolls Out Ambitious FY27 Agenda With e-Kuber 3.0 and Tech Upgrades

The Reserve Bank of India has unveiled a comprehensive agenda for the 2026-27 financial year, signalling a significant push on technology and institutional modernisation. Among the headline initiatives is a plan to launch its next-generation core banking system, e-Kuber 3.0, along with an alternative payment system and a unified enterprise platform, upgrades intended to strengthen the resilience and efficiency of the country's financial infrastructure. The central bank also plans to review the RBI Act, the legislation that underpins its powers and mandate, as part of broader efforts to keep its framework aligned with a rapidly evolving financial system. The agenda comes as the RBI continues to manage a delicate balance between supporting credit growth and controlling inflation. Recent data showed banks raising the weighted average lending rate on fresh rupee loans, reflecting robust credit demand, even as the central bank works to improve the transmission of its policy rate to market lending rates. The RBI has kept its benchmark repo rate at 5.25% in recent meetings while maintaining a neutral stance, citing resilient domestic activity despite risks from the conflict in West Asia and an uneven monsoon. The technology roadmap underscores the bank's ambition to build faster, safer and more inclusive digital finance.