Government reappoints four independent directors on central board of RBI

The government has reappointed four independent directors, including RSS ideologue S Gurumurthy and cooperative movement veteran Satish K Marathe, on the board of RBI for another four years. Besides, the Centre also re-nominated Revathy Iyer and 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, the central bank said in statement.

"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," it said in another statement.

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