599th Meeting of Central Board of the Reserve Bank of India

The 599th meeting of the board was held in Kolkata on December 16. The meeting was chaired by RBI Governor Shaktikanta Das.

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Attendees Of The Meeting:

Directors of the Central Board, Satish K. Marathe, Revathy Iyer, Sachin Chaturvedi, Venu Srinivasan, Pankaj Ramanbhai Patel and Dr Ravindra H. Dholakia attended the meeting. RBI deputy governors Mahesh Kumar Jain, Dr Michael Debabrata Patra, M. Rajeshwar Rao, and T. Rabi Sankar too attended the meeting.

The Focus Area:

The Central Board of Directors of the Reserve Bank of India (RBI) reviewed the current economic situation, and global and domestic challenges including the overall geopolitical developments, finance, and trade. The Board also discussed the activities of select Central Office Departments and the draft Report on the Trend and Progress of Banking in India, 2021-22.

About The Meetings of the Central Board:

(1) Meetings of the Central Board shall be convened by the Governor at least six times in each year and at least once in each quarter.

(2) Any four Directors may require the Governor to convene a meeting of the Central Board at any time and the Governor shall forthwith convene a meeting accordingly.

(3) The Governor or if for any reason, he is unable to attend, the Deputy Governor authorized by the Governor under the proviso to sub-section (3) of Section 8 to vote for him, shall preside at meetings of the Central Board, and, in the event of an equality of voter, shall have a second or casting vote.