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Anand Mahindra, Chairman of the Mahindra Group and a businessman, has joined the Board of Directors of the Mahindra Reserve Bank.
All the above persons including Anand Mahindra have been appointed as members of the Board of Directors of the Reserve Bank for four years. This was approved by the Union Cabinet today.
The Board of Directors of the Reserve Bank has been overseeing various important issues. All the members of the Executive Committee are appointed by the Government of India.
The Board of Directors of the Reserve Bank meets every two months to discuss the key responsibilities of the Board. It will decide on various important issues including repo interest rate.