Who was nominated by the Central Government as a director on the Central Board of the Reserve Bank of India on 11 June 2026?

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The correct answer is Option A: Sanjay Lohiya. The Central Government nominated Sanjay Lohiya, Secretary of the Department of Financial Services (DFS), as a director on the RBI Central Board with effect from 11 June 2026. Sanjay Lohiya replaced Nagaraju Maddirala as the Government-nominated director on the Central Board of the Reserve Bank of India. The Department of Financial Services (DFS) functions under the Ministry of Finance and oversees banking, insurance, pension, and financial sector administration. The Central Board of the Reserve Bank of India is the apex governing body of the RBI and operates under the Reserve Bank of India Act, 1934. The RBI Central Board consists of the Governor, up to four Deputy Governors, four Local Board directors, and ten directors nominated by the Central Government. The Reserve Bank of India (RBI) was established on 1 April 1935 under the RBI Act, 1934. The State Bank of India (SBI) was constituted on 1 July 1955 under the State Bank of India Act, 1955. In February 2022, the Central Government nominated Sanjay Malhotra to the central boards of both RBI and SBI, replacing Debasish Panda.

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Nagaraju Maddirala

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Sanjay Malhotra

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Debasish Panda

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M. Nagaraju

Who was nominated by the Central Government as a director on the Central Board of the Reserve Bank of India on 11 June 2026?

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Who was nominated by the Central Government as a director on the Central Board of the Reserve Bank of India on 11 June 2026?

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