RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S2

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Central Board Banner

Central Board Description

Central Board

The Reserve Bank’s affairs are governed by a central board of directors. The board is appointed by the Government of India in keeping with the Reserve Bank of India Act.

  • Appointed/nominated for a period of four years
  • Constitution:
    • Official Directors
      • Full-time : Governor and not more than four Deputy Governors
    • Non-Official Directors
      • Nominated by Government: ten Directors from various fields and two government Official
      • Others: four Directors - one each from four local boards

Functions :

General superintendence and direction of the Bank’s affairs

Central Board of Director appointed

Central Board Contact Information

Contact Information

  • icon-phone C/o CGM and Secretary
  • Secretary's Department
  • icon-phone

    Reserve Bank Of India

    16th floor ,Central Office Building ,Shahid Bhagat Singh Road

    Mumbai-400 001

Central Board Accordion

Board for Financial Supervision

The Board for Financial Supervision (BFS) was constituted in November 1994 as a committee of the Central Board of Directors of the Reserve Bank of India under the Reserve Bank of India (Board for Financial Supervision) Regulations, 1994. The BFS was set up to strengthen supervision and surveillance over the financial system and providing sharper focus to supervisory policy and skills. The BFS exercises integrated supervision over commercial banks, financial institutions and non-banking financial intermediaries. The Department of Supervision assists and provides secretarial support to BFS.

Board for payment and settlement systems

Board for Payment and Settlement Systems

Members of the Board
Shri Sanjay Malhotra

Governor

Chairperson

Shri T.Rabi Sankar

Deputy Governor

Vice-chairperson

Shri M. Rajeshwar Rao

Deputy Governor

Member

Shri Swaminathan J

Deputy Governor

Member

Prof. Sachin Chaturvedi

Central Board Member

Member

Shri Venu Srinivasan

Central Board Member

Member

CB invitees

Invitees

  • Shri Vivek Deep

    Executive Director

    Reserve Bank of India

  • Shri A. Unnikrishnan

    Principal Legal Adviser

    Reserve Bank of India

  • Dr. Deepak B. Phatak

    Professor Emeritus

    IIT Bombay

  • Dr. Kishore Kumar Sansi

    Former MD and CEO

    Vijaya Bank

Local Board

Local Boards

  • Constituted for Western Area, Eastern Area, Northern Area and Southern Area.
  • Consist of five members each.
  • Members appointed by the Central Government.
  • Member shall hold office for a term of four years.

Functions :

To advise the Central Board on local matters and to represent territorial and economic interests of local cooperative and indigenous banks; to perform such other functions as delegated by Central Board from time to time.

Names and Addresses of the Members of The Local Boards of The Reserve Bank of India

  • Western Area

    Contact Information

    • icon-user

      C/o Secretary to the Western Area Local Board

      The Regional Director

    • icon-home

      Reserve Bank of India

      Main Building Shahid Bhagat Singh Marg

      Mumbai – 400 001

  • Eastern Area

    Members

    1. Prof. Sachin Chaturvedi

    Contact Information

    • icon-user

      C/o Secretary to the Eastern Area Local Board

      The Regional Director

    • icon-home

      Reserve Bank of India

      15, Netaji Subhas Road

      Kolkata – 700 001

  • Northern Area

    Members

    1. Ms. Revathy Iyer

    Contact Information

    • icon-user

      C/o Secretary to the Northern Area Local Board

      The Regional Director

    • icon-home

      Reserve Bank of India

      6, Sansad Marg

      New Delhi - 110 001

  • Southern Area

    Contact Information

    • icon-user

      C/o Secretary to the Southern Area Local Board

      The Regional Director

    • icon-home

      Reserve Bank of India

      Fort Glacis16, Rajaji Salai

      Chennai - 600 001

*The four Local Boards are not functioning due to lack of quorum. A Standing Committee of Central Board is functioning in the areas where Local Boards are unable to function for want of quorum. Mumbai : Dated November 4, 2022

Sitting Fees and Halting Allowance

Sitting Fees and Halting Allowance

Sitting Fees and Halting Allowance paid to the Directors of the Central Board,
Members of the Local Board and Directors attending CCB meetings
Sr. No. Type of the Meetings Sitting Fees per meeting (in INR) Halting allowance per diem (in INR)
1. Central Board 60,000 3,750
2. Local Board 60,000 3,750
3. Committee of the Central Board (CCB) 30,000 3,750
Note : In addition, the travel and stay expenses towards attending Board/Committee/ Sub-Committee meetings are also borne by the Reserve Bank of India.

RBI-Install-RBI-Content-Global

भारतीय रिझर्व्ह बँक मोबाईल ॲप्लिकेशन इंस्टॉल करा आणि नवीनतम बातम्यांचा त्वरित ॲक्सेस मिळवा!

Scan Your QR code to Install our app