Reserve Bank Board Reviews Policy Issues

Published: 17th October 2014 06:00 AM  |   Last Updated: 16th October 2014 11:06 PM   |  A+A-

HYDERABAD: After a gap of over six years, the Central Board of Directors RBI met here Thursday.

During the meeting, the board reviewed the functioning of the apex bank, economic situation, global and domestic challenges besides others.

“In particular, the Board reviewed areas relating to payment and settlement system, banking supervision, banking regulation, activities of the Financial markets Department and the Deposit Insurance and Credit Guarantee Corporation,” RBI said in a statement.

RBI’s affairs are governed by the Central Board of Directors. The board is appointed by the Government of India in keeping with the RBI Act.

Raghuram Rajan, Governor, RBI chaired the meeting that was attended by directors Anil Kakodkar, Kiran Karnik, Nachikiet Mor, Y H Malegam, G M Rao, Indira Rajaraman and Damodar Acharya attended the meeting. Deputy Governors Harun R Khan, R Gandhi and S S Mundra.

On Wednesday, Rajan had inaugurated an exhibition of products by artisans of Telangana and Andhra Pradesh to showcase the positive impact of loans from banks.


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