RBI Board reviews current economic situation, impact of geopolitical crisis

The Central Board of Directors of Reserve Bank of India on Friday reviewed the current economic situation, global and domestic challenges including the overall impact of current global geopolitical crises.

The 597th meeting of the Board was held at the RBI’s Regional Office here. The meeting was chaired by RBI Governor Shaktikanta Das.

The Board also discussed various areas of operations of the Reserve Bank, including the functioning of the local boards and activities of select central office departments, the central bank said in a statement.

Directors of the Central Board — Satish K Marathe, S Gurumurthy, Revathy Iyer, Sachin Chaturvedi, Anand Gopal Mahindra, Venu Srinivasan, Pankaj Ramanbhai Patel and Ravindra H Dholakia attended the meeting.

RBI Deputy Governors Mahesh Kumar Jain, Michael Debabrata Patra, M Rajeshwar Rao and T Rabi Sankar, and Sanjay Malhotra, secretary in the Department of Financial Services, too attended the meeting.