RBI board reconstituted

MUMBAI, NOV. 28. The Union Government has reconstituted the central board of directors for the Reserve Bank of India.

Infosys chairman, Mr. N. R. Narayana Murthy, Ranbaxy Laboratories CEO and managing director, Mr. Davinder Singh Brar, DLF group chairman, Mr. Kushpal Singh, ICI chairman, Mr. Ashok Shekhar Ganguly, and Sundram Fasteners chairman and managing director, Mr. Suresh Krishna, from the corporate world have been nominated on the board with effect from November 27 for a four year term. Principal scientific adviser to Government, Mr. A. P. J. Abdul Kalam, is also on the board while the Finance Secretary, Mr. Ajit Kumar, has been nominated on the board with effect from November 23, RBI said in release.

Tata Industries chairman, Mr. Ratan Tata, chartered accountant, Bilimoria & Co, Mr. Y. H. Malegam and National Dairy Development Board chairperson, Mr. Amrita Patel, have been retained, the RBI said.

The other directors are Professor Emeritus Institute of Development Studies, Prof. Vijay Shankar Vyas, Jawaharlal Nehru Centre for Advanced Scientific Research, Hon. President Mr. C. N. R. Rao, Supreme Court advocate, Mr. H. P. Ranina, ICRA monetary research project director, Mr. Mihir Rakshit, and Mr. K. Madhava Rao, IAS (retd.).

The release said Mr. Rakshit would represent eastern area local board, Mr. Malegam (western), Prof. Kalam (northern area) and Mr. Rao the southern local area board.

- PTI

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