Government clears Anand Mahindra, 3 Others for RBI Board

Government clears Anand Mahindra, 3 Others for RBI Board

Non-Official Directors on the Central Board of RBI: The Central Government has nominated Anand Mahindra, Pankaj Ramanbhai Patel, Ravindra H Dholakia, and Venu Srinivasan,  as part-time non-official Directors on the Central Board of Reserve Bank of India (RBI).

Key Highlights:

  • In a notification issued on 15th June 2022, the Central Bank said the appointment will be for a period of four years effective from June 14 or until further orders, whichever is earlier.
  • The four new appointees will be part of the 10 non-official directors of the Governing body of the RBI appointed by the Government from time to time.
  • The official full-time directors of the RBI governing board consist of the Governor and four deputy governors.

Anand Mahindra: He is the chairman of Mahindra group, which has a presence across segments such as automobiles to IT, agribusiness and hospitality sectors.

Pankaj Ramanbhai Patel: He is the Chairman of Zydus Lifesciences Ltd, as well as a former president of FICCI (2016-17).

Ravindra H Dholakia: He was the Economics Area faculty at IIM Ahmedabad from September 1985 to April 2018 when he superannuated. He was earlier on the Monetary Policy Committee of the RBI which decides the policy rates.

Venu Srinivasan: He is the Chairman Emeritus of TVS Motors. He is also on the board of Tata Sons Ltd.

 

Who has been appointed to the Appointed To RBI Central Board ?
A) Anand Mahindra and Venu Srinivasan
B) Venu Srinivasan and Pankaj Ramanbhai Patel
C) Pankaj Ramanbhai Patel and Ravindra H Dholakia
D) Anand Mahindra, Venu Srinivasan, Pankaj Ramanbhai Patel and Ravindra H Dholakia