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2 new part-time directors on RBI board

The government has appointed S. Gurumurthy and Satish Marathe as part-time, non-official directors on the central board of the Reserve Bank of India. They will have a tenure of 4 years from the date of appointment or until further orders, the government said. Gurumurthy is the editor of Tamil political weekly Thuglaq and co-convener of Rashtriya Swayamsevak Sangh (RSS) affiliate Swadeshi Jagran Manch. He is a vocal supporter Swadesh movement. Marathe began his banking career with Bank of India and then went on to become chairman of the United Western Bank, which was taken over by IDBI Bank. He is also the founder of Sahakar Bharati, an NGO that supports cooperatives in the country. He has also functioned as CEO of Janakalyan Sahakari Bank.

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