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Finance Minister Nirmala Sitharaman likely to address RBI board on February 23

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Union Finance Minister Nirmala Sitharaman is likely to address the Reserve Bank of India’s central board on February 23, focusing on key measures announced in the FY27 Budget. The discussion is expected to cover initiatives aimed at boosting manufacturing and support for the agriculture and tourism sectors.

The board meeting comes days after the RBI retained its key policy rate at 5.25% and maintained a neutral stance amid global uncertainties. The post-budget address will allow the finance minister to outline Budget 2026-27 announcements that aim to balance growth with fiscal prudence.

It is customary for the finance minister to address the RBI board after the budget.

Also Read: Budget 2026 offers policy continuity, reform push, says FM Sitharaman at USISPF meet

The Reserve Bank of India’s Central Board of Directors consists of Sanjay Malhotra as Governor, and T. Rabi Sankar, Swaminathan J, Poonam Gupta, and Shirish Chandra Murmu as Deputy Governors.

Other members include Revathy Iyer, Prof. Sachin Chaturvedi, Satish Kashinath Marathe, Swaminathan Gurumurthy, Anand Gopal Mahindra, Venu Srinivasan, Pankaj Ramanbhai Patel, Ravindra H. Dholakia, Nagaraju Maddirala, and Anuradha Thakur.

Unveiling her ninth straight Budget in a row on February 1 in the Lok Sabha, Sitharaman said, “Since we assumed office 12 years ago, India’s economic trajectory has been marked by stability, fiscal discipline, sustained growth and moderate inflation.” The government pursued far-reaching structural reforms, fiscal prudence and monetary stability whilst maintaining a strong thrust on public investment, she had said.

Also Read: Sustaining 7-8% growth government’s top priority: Nirmala Sitharaman

The government has announced a new roadmap to reduce the debt-GDP ratio to about 50% by March 2031 from 55.6% in FY27. In line with the new fiscal prudence path of debt consolidation, the fiscal deficit in BE 2026-27 is estimated to be 4.3% of GDP from 4.4% for the current financial year.



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