OREANDA-NEWS. October 19, 2011. The Government of India has appointed two more members on the Central Board of Directors of the Reserve Bank of India. The new Directors are:

Shri Y.H. Malegam, who has been re-appointed from October 7, 2011 vice Shri H. P Ranina.

Prof. M.V. Rajeev Gowda who has been appointed from October 17, 2011 vice Shri Lakshmi Chand.

Shri Malegam is a renowned Chartered Accountant. He is also the Chairman of the National Advisory Committee on Accounting Standards, and has been a past President of Institute of Chartered Accountants of India. Prof. Gowda is Professor of Economics and Social Sciences, Indian Institute of Management, Bangalore.

Both the members have been appointed for a period of four years. Prof. Gowda has also been appointed as a Member of the Local Board Southern Area.

Last month, the Government of India nominated seven new members reconstituting the Reserve Bank of India Central Board.