Current Affairs - Banking - Discussion

Government appointed four members to the local boards of RBI (Reserve Bank of India). Rakesh Jain and Sachin Chaturvedi have been appointed as member in Southern local board and Eastern local board of RBI. Revathy Iyer and Raghvendra Narayan Dubey have been appointed as member in Northern local board of RBI. RBI's affairs are governed by the central board of directors. The board is appointed by the government. Also, the government nominates 16 non-official directors to the board. 10 directors are nominated from various fields, 2 from government officials and 1 director each from the four local boards.