Anand Mahindra and Venu Srinivasan appointed to the board of Reserve Bank of India

The Appointments Committee of the Cabinet has given its approval to these appointments.


Anand Mahindra - Chairman of Mahindra Group and Venu Srinivasan - Chairman Emeritus - TVS Motor Company
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Anand Mahindra – Chairman of Mahindra Group and Venu Srinivasan – Chairman Emeritus – TVS Motor Company

Mahindra & Mahindra Group Chairman Anand Mahindra and TVS Motor Company Chairman Emeritus Venu Srinivasan are among the few corporate heads nominated by the Government of India to join the Reserve Bank of India (RBI) board as part-time directors . The government recently announced nominating Pankaj Patel, president of Zydus Lifesciences, and Ravindra Dholakia, a former professor at the Ahmedabad Institute of India. The Appointments Committee of the Cabinet has given its approval to these appointments.

“The Central Government has nominated Shri Anand Gopal Mahindra, Shri Venu Srinivasan, Shri Pankaj Ramanbhai Patel and Dr. Ravindra H. Dholakia as part-time non-official directors on the Central Board of Reserve Bank of India for a period of four years. RBI It will be effective from June 14, 2022 or till further orders, whichever is earlier, said in a statement.

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The affairs of the Reserve Bank are governed by the Central Board of Directors. The Board is appointed by the Government of India in accordance with the Reserve Bank of India Act. Apart from the announcements made on Tuesday, the central board of RBI currently has 11 members. Apart from Mahindra and Srinivasan, Tata Sons chairman N Chandrasekaran is another name associated with the auto sector on the RBI board. However, his term had ended recently.

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