Sun Pharma's Dilip Shanghvi appointed as member on RBI's western board

MUMBAI: Sun Pharmaceuticals managing director Dilip Shanghvi has been appointed by the central government as a member on the western area local board of Reserve Bank of India.

The appointment is for four years with effect from March 11, 2017, the central bank said on its website.

Shanghvi joins Enam Group chairman Vallabh Bhanshali on the western board. Last month the RBI appointed Prasanna Mohanty on the RBI's southern local board, Vallabh Bhanshali on the western local board and Sunil Mitra on the eastern local board also for four years.