Central Board of Directors
RBI’s business is overseen by Central Board of Directors, which delegates the functions to its committees and sub-committees. The Central Board of Directors is made up of the following:
- One Governor
- Four Deputy Governors (4 is the maximum number)
- Four Non-official Directors which are nominated by the Central Government. Each Non-official director represents the local Boards located in Delhi, Chennai, Kolkata and Mumbai representing 4 regions of India.
- Ten Non-official Directors nominated by the Reserve Bank of India. These 10 personalities have expertise in various segments of Indian Economy.
- One Representative of the central Government.
Central Board of Directors holds minimum 6 meetings every year. Out of which, at least 1 meeting every quarter is held. Though, typically the committee of the central board meets every week (Wednesday).