CENTRAL BOARD OF THE RBI

Recent decision:

• Sachin Chaturvedi heads Delhi-based think tank Research and Information System for Developing Countries (RIS).
  
  
• Revathy Iyer is a former Indian Audit and Accounts Services (IAAS) officer.
  
  
• Both have been appointed by the Central Government under Section 8 of the Reserve Bank of India Act, 1934, for a period of four years with effect from September 19, 2018.
  
  

Central board of the RBI:

• The board members are not responsible for setting the interest rate, but will provide a broader guidance to the central bank.
  
  
• With the recent appointments, RBI will now have 18 members on its central board, including four deputy governors and the governor.
  
  
• The Economic Affairs Secretary and Financial Services Secretary of the Finance Ministry are also on the board.