Government reappoints four independent directors on RBI central board

The government on Thursday announced reappointment of four independent directors, including RSS ideologue S Gurumurthy and cooperative movement veteran Satish K Marathe, on the RBI board for a term of four years.

"The central government has re-nominated Shri Satish Kashinath Marathe and Shri Swaminathan Gurumurthy as part-time, non-official directors on the Central Board of Reserve Bank of India for a further period of four years with effect from August 11, 2022, or until further orders, whichever is earlier," stated a press release by the RBI.

Meanwhile, Revathy Iyer and Sachin Chaturvedi were re-nominated as part-time, non-official directors on the Central Board of Reserve Bank of India for a time frame of four years post the completion of their present tenure by the Centre.


Another press release said, "The Central Government has re-nominated Ms Revathy Iyer and Prof. Sachin Chaturvedi as part-time, non-official Directors on the Central Board of Reserve Bank of India for a further period of four years after completion of their present tenure on September 18, 2022, or until further orders, whichever is earlier."

Non-official directors are appointed for a period of four years and are eligible for re-appointment.

Revathy Iyer has also been re-appointed as a member on the Northern Local Board of the RBI. Similarly, and Sachin Chaturvedi has been re-appointed as a member on the Eastern Local Board of the Reserve Bank of India for a further period of four years after completion of their present tenure.

Their current tenure ends on September 18, 2022, as per a statement by the central bank.