Central Government elected New Director of RBI’S Central Board

by Mapping Returns
Vivek Joshi IAS

On Tuesday, November 15 2022 Central Government elected Vivek Joshi. who’s currently serving as Secretary, of the Department of Financial Services, as the new director of RBI’S Central Board.

According to Central Bank Vivek Joshi’s nomination is effective from 15 November

Vivek Joshi is a Ph.D. in International Studies (International Economics) and Graduated from the Institute of International and Development Studies, Geneva (Switzerland). On November 1 Vivek Joshi took office as the secretary of the financial services department.

Before this, he was also a joint secretary in the Department of Expenditure which is responsible for public procurement policies and publicly funded projects/schemes.

Also, Vivek Joshi was a 1989 batch IAS officer of the Haryana cadre and worked as the registrar general and census commissioner under the Ministry of Home Affairs.

The Central Board of Directors governs the affairs of RBI. The board is appointed by the government. There are five official directors which include the RBI governor, and not more than four deputy governors.

Besides, the government nominates 16 non-official directors to the board. out of which Ten are nominated from different fields, two are government officials and one director each from the four local boards. These non-official directors are appointed for four years and are eligible for re-appointment.

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