Union government on 23 February 2012 nominated DK Mittal on the central board of Reserve Bank of India, the apex Indian bank.
Mr D. K. Mittal is the Secretary of Department of Financial Services of Ministry of Finance. He is the second government nominee on the RBI board. This is for the first time that the Union Government has got two of its nominees on the central board of RBI. Until now the Secretary of Department of Economic Affairs of Ministry of Finance, used to be the only director on the RBI central board nominated by the government.
Mr. R Gopal, Secretary of Department of Economic Affairs of Ministry of Finance is the other government nominee on the RBI central board. With Mr. DK Mittal being included in the Board of Directors of RBI the total number of RBI directors has reached to 18.
Mittal's nomination follows the recent amendment to the RBI Act, 1934, which allowed the Central Government to nominate two Government officials to the central board of RBI in place of one. This new move is likely to enhance the Union government’s stake in the functioning of RBI.
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