Why in News?
Former ISRO Chairman S. Somanath has been appointed as a part-time, non-official director on the Central Board of the Reserve Bank of India (RBI). Industrialist Anand Mahindra has also been re-appointed to the board for another four-year term.
Key Highlights
- S. Somanath has been appointed to the RBI Central Board for four years, effective from 20 August 2026.
- Somanath served as Chairman of ISRO and retired in January 2025.
- Anand Gopal Mahindra has been re-appointed as a part-time, non-official director for four years from 20 August 2026, or until further orders.
- The appointments were announced by the Central Government.
- The RBI Central Board is responsible for providing overall direction and oversight to the central bank.