Govt reappoints Anand Mahindra to RBI board, names former Isro chief S Somanath as non-official director
Anand Mahindra has been reappointed to the Reserve Bank of India's central board. Former ISRO Chairman S Somanath also joins the board for a four-year term. Their appointments are effective from August 20, 2026, according to the RBI. Mahindra's reappointment ensures continuity and brings diverse business experience. Somanath's technological expertise will aid the central bank's digital focus.
Mumbai - The Indian government has retained Anand Mahindra, chairman of the Mahindra Group, as a non-official director on the Reserve Bank of India's central board for another four-year term, starting August 20, 2026. Mahindra Group, with diverse operations including automobiles, farm equipment, financial services, IT, real estate, logistics, and hospitality, brings a broad range of industry expertise to the RBI board.
Former Indian Space Research Organisation (ISRO) Chairman S Somanath has also been appointed to the RBI board. Somanath, an aerospace engineer, served as the secretary of the Department of Space, chairman of the Space Commission, and ISRO chairman from 2022 to 2025. His tenure included the successful Chandrayaan-3 mission, which marked India's first lunar landing near the south pole.
Somanath's appointment enhances the technological capabilities of the RBI board as it focuses on digital payments, financial infrastructure resilience, and emerging technology risks.
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