The Central Board of the Reserve Bank of India (RBI) met on Friday under chairmanship of RBI Governor Raghuram Rajan in the city.
The Board reviewed the current economic situation, global and domestic challenges and policy responses.
The Central Board meets at least once every quarter. Apart from holding meetings in Mumbai, Chennai, Kolkata and one in New Delhi after the Union Budget which is addressed by the Finance Minister, the rest of the meetings are held in other state capitals by rotation.
Kiran Karnik, Prof. M.V. Rajeev Gowda, Dr. Nachiket M. Mor, Y.H. Malegam, Prof. Dipankar Gupta, Dr Indira Rajaraman and Prof. Damodar Acharya, Directors, attended the meeting. Dr K.C. Chakrabarty, Anand Sinha, Harun R. Khan and Dr Urjit Patel besides RBI Deputy Governors were present duirng the meeting.
The meeting was also attended by Arvind Mayaram, Secretary, Department of Economic Affairs and Rajiv Takru, Secretary, Department of Financial Services, the Government nominee besides Directors on the Central Board.
The prime task of the Central Board of Directors of the RBI is to provide overall direction to the Reserve Bank’s affairs. The last RBI Central Board meeting at Raipur was held in 2006.