Mumbai: The 625th meeting of the Central Board of Directors of the Reserve Bank of India was held in Mumbai on Friday, October 30, under the chairmanship of Governor Sanjay Malhotra, the central bank said in a statement reported by The Hindu BusinessLine.

Source: The Hindu BusinessLine

The Board deliberated on the prevailing economic conditions and the associated challenges and evaluated the potential risks to the economic outlook, the RBI said. The central bank did not specify the particular risks discussed at the meeting, DevDiscourse noted in its report of the statement.

Source: DevDiscourse

The Board also reviewed the activities of the Deposit Insurance and Credit Guarantee Corporation (DICGC) and of select Central Office departments of the Bank, the RBI statement said. Board members took the Integrity Pledge as part of the observance of Vigilance Awareness Week 2026.

Source: The Hindu BusinessLine

As background, the RBI's latest Monetary Policy Report has underscored that while India's macroeconomic outlook remains resilient, it remains vulnerable to geopolitical developments, volatility in global energy markets and weather-related uncertainties, The Hindu BusinessLine reported. The report listed weak monsoons coupled with a strong El Nino, protracted geopolitical tensions, rising international commodity prices, additional frictions in global trade and tightening global financial conditions as factors that could adversely affect the growth outlook.

Source: The Hindu BusinessLine

The meeting was attended by the Deputy Governors and other Directors of the Central Board, including Department of Economic Affairs Secretary Anuradha Thakur, according to the RBI statement.