Reserve Bank of India is managed by the Central Board of Directors. Presently, this board consists of 21 members. Besides Governor and four Deputy Governors, four directors are nominated, each by the four Local Boards, Besides, ten directors and two government officer are nominated by the Government of India, These boards have been established, in Mumbai, Kolkata, Chennai and New Delhi respectively.
According to the Reserve Bank of India Act, the term of nominated members is for years Governor and Deputy Governors are appointed by the government for a period of 5 years Central Board of Directors must hold. at least 8’ meetings in a year and at least one meeting In 3 months. Banks Head Office is located In Mumbai. The bank has 28 regional offices, most of which are In state capitals.
OR 