CENTRAL BOARD OF DIRECTORS (RBI)

Aug. 8, 2018

Appointments Committee of the Cabinet has appointed S. Gurumurthy and Satish Kashinath Marathe as part time non-official directors on the central board of Reserve Bank of India for four years.

About:

The Reserve Bank's affairs are governed by a central board of directors.
Appointment procedure: The board is appointed by the Government of India in keeping with the Reserve Bank of India Act, 1934.
Tenure: They are appointed/nominated for a period of four years.
Composition:

Official Directors

· Full-time : Governor and not more than ‘four Deputy Governors’

Non-Official Directors

· Nominated by Government: ten Directors from various fields and two government Official

· Others: four Directors - one each from four local boards

Source : Indian Express

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