According to the Times of Oman, former Indian diplomat Syed Akbaruddin has been appointed to the central board of the Reserve Bank of India (RBI). Akbaruddin, who previously served as India’s Permanent Representative to the United Nations, will serve a four-year term in the part-time, non-official capacity.
The RBI central board is responsible for the general superintendence and direction of the bank's affairs. Appointments to the board are made by the Government of India to provide diverse expertise, ranging from economic policy to public administration, to the country's central banking institution.
Akbaruddin is a veteran of the Indian Foreign Service, known for his extensive experience in multilateral diplomacy and his tenure at the UN in New York. His inclusion in the board is expected to bring a global perspective to the central bank's deliberations during his tenure. The appointment follows standard government protocols for filling vacancies within the RBI's governing structure.
The appointment of a former diplomat to the Reserve Bank of India's (RBI) central board is a standard administrative procedure. While not covered by the provided international wire services, the report from the Times of Oman is consistent with typical Indian government appointment practices for the RBI board.
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Original report: Times of Oman