Date:30/06/2006 URL: http://www.thehindu.com/2006/06/30/stories/2006063004791500.htm

Business

RBI Central Board reconstituted

Special Correspondent

MUMBAI: The Union Government has reconstituted the Central Board of Directors of the Reserve Bank of India (RBI) with 13 members, including Azim Premji and Kumar Mangalam Birla. Those who retired include Ratan Tata and N. R. Narayana Murthy.

The reconstituted board will have a tenure of four years with effect from June 27, stated a press release issued by the RBI.

The other members of the board are: Suresh Tendulkar, Economist and Member, Prime Minister's Economic Advisory Council (to represent Eastern Area Local Board); U. R. Rao, former Chairman, ISRO and Chairman Research Council, Physical Research Laboratory, Department of Space (to represent Northern Area Local Board); Lakshmi Chand, IAS (Retd.) (to represent Southern Area Local Board); Shashi Rekha Rajagopalan, Consultant, Co-operatives; Suresh Kumar Neotia, Chairman, Ambuja Cement; A. Vaidyanathan, Madras Institute of Development Studies; Man Mohan Sharma, FRS, Former Director, Mumbai University Institute of Chemical Technology; and D. Jayavarthanavelu, Chairman and Managing Director, Laxmi Machine Works Ltd.

Those who were renominated to the board include Y. H. Malegam, Chartered Accountant, (to represent Western Area Local Board), H. P. Ranina, Supreme Court Advocate, Ashok S. Ganguly, Member, Investment Commission and Chairman, ICICI OneSource.

Other than Mr. Tata and Mr. Murthy, Mihir Rakshit, K. Madhava Rao, V. S. Vyas, K.P. Singh, Amrita Patel and Suresh Krishna retired as directors.