Government clears 4 names for RBI Board

The authorities has nominated Anand Mahindra, Venu Srinivasan, Pankaj Ramanbhai Patel and Ravindra H Dholakia as part-time non-official Directors on the Central Board of Reserve Bank of India (RBI).

As per an official assertion, the Appointments Committee of the Cabinet (ACC) permitted the proposal of appointment for a interval of 4 years from the date of notification of the appointment, or till additional orders, whichever is earlier.

Dholakia was the Economics Area college at IIM Ahmedabad from September 1985 to April 2018 when he superannuated. He was earlier on the Monetary Policy Committee of the RBI which decides the coverage charges.

Venu Srinivasan is the Chairman Emeritus of TVS Motors. He can also be on the board of Tata Sons Ltd.

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Patel is the Chairman of Zydus Lifesciences Ltd, in addition to a former president of FICCI (2016-17).

Mahindra is the chairman of Mahindra group, which has presence throughout segments akin to vehicles to IT, agribusiness and hospitality sectors.