The Reserve Bank of India's (RBI) Central Board has made two significant appointments. Industrialist Anand Mahindra has been reappointed as an ex-officio, non-executive director for a term of four years. Additionally, former head of the Indian Space Research Organisation (ISRO), S. Somnath, has also received this position on the RBI Central Board. The bank announced these appointments, which take effect on August 20, 2026.
According to the RBI, the government appointed S. Somnath and Shridhar Panikkar as ex-officio directors to the Central Board. His appointment will be valid for four years or until further orders, commencing on August 20, 2026. The tenure will be determined by whichever comes first. S. Somnath's addition to the RBI Central Board brings new expertise in financial and technical fields to the board.
The RBI also issued a separate statement regarding the reappointment of Anand Mahindra. The central bank clarified that Mahindra's new term of service will be four years, starting on August 20, 2026. Following these two appointments, the RBI Central Board now comprises 11 members. These include RBI Governor Sanjay Malhotra and Deputy Governors Swaminathan J, Poonam Gupta, Shirish Chandra Murmu, and Rohit Jain. Among the non-executive directors are Anand Mahindra, S. Somnath, Revathi Iyer, Professor Sachin Chaturvedi, Anuradha Thakur, and former Secretary Sanjay Lohia.
Revathi Iyer previously held the position of Deputy Controller and Auditor of the Government of India's General Accounts. Professor Sachin Chaturvedi is the Director General of the Research Information System for Developing Countries (RIS). Anuradha Thakur and former Secretary Sanjay Lohia are also listed as members of the RBI Central Board in its current composition.
As per the Reserve Bank of India Act, the Central Board is responsible for overseeing the operations of the RBI. It includes both official and non-official directors. Official directors may include the RBI Governor and up to four Deputy Governors. Furthermore, the government appoints non-official directors and civil servants from various sectors. Typically, the term of office for non-official directors is four years.



