The Reserve Bank of India’s (RBI) Central Board convened a meeting in Udaipur on Friday to review the latest global and domestic economic developments.

According to an official statement, the Board assessed the evolving global and domestic economic landscape, including the geopolitical situation, financial market trends, and the challenges arising from them.

The Board also reviewed the activities of the Deposit Insurance and Credit Guarantee Corporation (DICGC), the RBI subsidiary responsible for protecting depositors’ interests. The review comes at a time when discussions are underway on enhancing the deposit insurance coverage amount under the DICGC scheme.