The Central Government has reconstituted the Central Board of Directors for the Reserve Bank of India. The following persons have been nominated to be the directors on the Central Board of Directors of the Reserve Bank of India, for a period of four years with effect from November 27, 2000 :

1. Shri Kushal Pal Singh, Chairman, DLF Group
2. Prof. Vijay Shankar Vyas, Professor Emeritus, Institute of Development Studies
3. Shri Davinder Singh Brar, CEO and Managing Director, Ranbaxy Laboratories Limited
4. Prof. C. N. R. Rao, Honorary President, Jawaharlal Nehru Centre for Advanced Scientific Research
5. Shri Homi Phiroze Ranina, Advocate, Supreme Court of India
6. Shri N. R. Narayana Murthy, Chairman and Managing Director, Infosys Tech Ltd.
7. Shri Ratan N. Tata, Chairman, Tata Industries Ltd.
8. Dr. Amrita Patel, Chairperson, National Dairy Development Board
9. Shri Suresh Krishna, Chairman and Managing Director, Sundaram Fastners Limited
10. Dr. Ashok Sekhar Ganguly, Chairman, ICI India Ltd
11. Prof. Mihir Rakshit, Director, Monetary Research Project, ICRA Ltd.
    (to represent Eastern Area Local Board)
12. Shri Y. H. Malegam, Chartered Accountant, Billimoria & Co.
    (To represent Western Area Local Board)
13. Shri A. P. J. Abdul Kalam, Principal Scientific Adviser to Government of India
    (to represent Northern Area Local Board)
14. Shri K. Madhava Rao, IAS (Retired)(to represent Southern Area Local Board)

Shri Ajit Kumar, Finance Secretary, Ministry of Finance, Department of Economic Affairs has also been nominated on the Board with effect from November 23, 2000.