Satish Marathe, Swaminathan Gurumurthy appointed part-time Directors on RBI board

— By | Aug 08, 2018 11:09 am

The logo of India's central bank, the Reserve Bank of India (RBI) is pictured on the gate of the bank in Mumbai on November 9, 2016. Indian Prime Minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from circulation in a shock announcement designed to tackle widespread corruption and tax evasion. / AFP PHOTO / PUNIT PARANJPE

New Delhi: The Central government on Tuesday announced the appointment of Satish Kashinath Marathe and Swaminathan Gurumurthy as part-time non-official Directors on the central board of Reserve Bank of India (RBI).

According to the Appointments Committee of the Cabinet, the appointments have been made for a duration of four years from the date of appointment or “until further orders”. As per the information note issued on Tuesday, the appointment proposals were forwarded by the Department of Financial Services of the Union Ministry of Finance.