**Summary:**
On August 22, 2025, the 618th meeting of the Central Board of Directors of the Reserve Bank of India (RBI) was held in Lucknow, chaired by Governor Shri Sanjay Malhotra. The Board assessed the global and domestic economic landscape, including geopolitical and financial market developments and associated challenges. The functioning of select Central Office Departments, Committees of the Central Board, and the Ombudsman Scheme were reviewed. The Board approved the nomination of Shri Indranil Bhattacharyya, Executive Director, as an ex-officio member of the Monetary Policy Committee.
The meeting was attended by Deputy Governors Shri M. Rajeshwar Rao, Shri T. Rabi Sankar, Shri Swaminathan J., and Dr. Poonam Gupta, along with other Directors including Shri Nagaraju Maddirala, Secretary, Department of Financial Services; Ms. Anuradha Thakur, Secretary, Department of Economic Affairs; Shri Satish K. Marathe, Smt. Revathy Iyer, Prof. Sachin Chaturvedi, Shri Anand Gopal Mahindra, Shri Pankaj Ramanbhai Patel, and Dr. Ravindra H. Dholakia.
For further information, contact the Department of Communication, Central Office, Reserve Bank of India, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001. Phone: 022 2266 0502. Email: helpdoc@rbi.org.in. Website: www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, also referred to as the Bank in the document. The meeting was held by the Central Board of Directors of this bank.
Lucknow, Uttar Pradesh: The city in India where the 618th meeting of the Central Board of Directors of Reserve Bank of India was held.
Shri Sanjay Malhotra: Governor and Chairman of the meeting of the Central Board of Directors of Reserve Bank of India.
Monetary Policy Committee: Committee to which Shri Indranil Bhattacharyya, Executive Director, was nominated as an ex-officio member.
Shri Indranil Bhattacharyya: Executive Director nominated as an ex-officio member of the Monetary Policy Committee.
Shri M. Rajeshwar Rao: Deputy Governor of the Reserve Bank of India who attended the meeting.
Department of Financial Services: Department of which Shri Nagaraju Maddirala is the Secretary, who attended the meeting.
Department of Economic Affairs: Department of which Ms. Anuradha Thakur is the Secretary, who attended the meeting.
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भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
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संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
August 22, 2025
618th Meeting of Central Board of the Reserve Bank of India
The 618th meeting of the Central Board of Directors of Reserve Bank of India was
held today in Lucknow under the Chairmanship of Shri Sanjay Malhotra, Governor.
The Board assessed the emerging global and domestic economic landscape,
including the geopolitical and financial market developments and associated
challenges. The Board reviewed the functioning of select Central Office Departments
of the Bank and also of Committees of Central Board and the Ombudsman Scheme.
The Board approved the nomination of Shri Indranil Bhattacharyya, Executive
Director as an ex-officio member of the Monetary Policy Committee.
Deputy Governors Shri M. Rajeshwar Rao, Shri T. Rabi Sankar,
Shri Swaminathan J., Dr. Poonam Gupta and other Directors of the Central Board –
Shri Nagaraju Maddirala, Secretary, Department of Financial Services,
Ms. Anuradha Thakur, Secretary, Department of Economic Affairs,
Shri Satish K. Marathe, Smt. Revathy Iyer, Prof. Sachin Chaturvedi,
Shri Anand Gopal Mahindra, Shri Pankaj Ramanbhai Patel and
Dr. Ravindra H. Dholakia – attended the meeting.
(Puneet Pancholy)
Press Release: 2025-2026/958 Chief General Manager