Centre extends RBI Governor Das’s tenure for 3 more years

• The government has extended the tenure of Reserve Bank of India Governor Shaktikanta Das for a period of 3 years.
• Mr. Das was appointed as RBI’s 25th Governor on December 11, 2018 for a period of three years.

Central Board of RBI

• 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.

Constitution of Central Board

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.

Appointment of RBI governor

• The Reserve Bank of India Governor is appointed by the Prime Minister’s Office (PMO) on the recommendation of the Union Finance Minister.