RBI Central Board meets today at Shimla

The Central Board of Directors of the Reserve Bank of India met today at Shimla. The last Board meeting in Shimla was held in 2007. Dr. Raghuram Rajan, Governor, Reserve Bank of India chaired the meeting. Directors, Dr. Anil Kakodkar, Shri Kiran Karnik, Dr. Nachiket Mor, Shri Y.H. Malegam, Prof. Dipankar Gupta, Shri G. M. Rao, Dr. Indira Rajaraman and Prof. Damodar Acharya attended the meeting. Government nominee director on the Central Board Shri G. S. Sandhu, Secretary, Department of Financial Services also attended the meeting. Deputy Governors Dr. Urjit R. Patel and Shri R. Gandhi were also present.

The Board reviewed the functioning of the Reserve Bank as well as the current economic situation and global and domestic challenges and policy responses.

The Governor later met the Chief Minister of Himachal Pradesh Shri Virbhadra Singh and the State Level Bankers Committee and discussed issues of mutual interest with them. Dr. Rajan appreciated the developmental efforts of the state and said that Himachal Pradesh with approximately 3900 persons per branch had a better access ratio than most states. There were, however, issues in reaching remote and difficult areas where banking services had still not reached. The availability of technology solutions, especially mobile technology and more effective use of banking correspondents would help further financial inclusion, the Governor stated.

The Governor also interacted with students and faculty of Himachal Pradesh University.

Alpana Killawala
Principal Chief General Manager

Press Release : 2013-2014/2219

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