The total number of government-appointed directors on the RBI board has reached 10.
The move would strengthen the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies.
New Delhi: The Centre has appointed Rashtriya Swayamsevak Sangh(RSS)-affiliate Swadeshi Jagaran Manch co-convenor Swaminathan Gurumurthy and businessman Satish Kashinath Marathe to the Central Board of the Reserve Bank of India (RBI).
The names were approved on Tuesday as per provisions of Section 8 1C of the RBI Act, 1934 by Prime Minister Narendra Modi-led Appointments Committee of the Cabinet.
They have been appointed as a part-time, non-official director for the period of four-year.
With the two new appointments, the total number of government-appointed directors on the RBI board has reached 10.
Next Story
