Mumbai, Dec. 22 -- The 620th meeting of the Central Board of Directors of Reserve Bank of India was held on Friday in Hyderabad under the Chairmanship of Sanjay Malhotra, Governor. The Board discussed global and domestic economic situation and associated challenges. It approved the risk-based deposit insurance framework for banks. The Board also reviewed the activities of select Central Office Departments and the draft Report on Trend and Progress of Banking in India, 2024-25.

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