You are here: Home » Economy & Policy » News
Business Standard

RBI to hold board meeting in Kanpur on October 20

This is the first central board meet under Urjit Patel

Press Trust of India  |  Kanpur 

Reserve Bank of India Governor Urjit Patel addresses a press conference in Mumbai after the monetary policy review meeting on Tuesday. Photo: PTI
Reserve Bank of India Governor Urjit Patel addresses a press conference (File Photo)

Reserve Bank Governor will chair the central board meeting in on Thursday, October 20.

This is first such instance that will hold the meeting at this industrial city of Uttar Pradesh. It also happens to be the first central board meet under new Governor.

Patel will reach on Wednesday evening and will have interaction with industrialists and technocrats here, said Deepesh Tewari, Manager (Personnel).

Tewari said there is no prior information about whether the Governor will interact with the media or not.

The Central Board meets at least once every quarter. Apart from holding meetings in Mumbai, Chennai, Kolkata and one in New Delhi after the Union Budget which is addressed by the Finance Minister, the rest of the meetings are held in other state capitals by rotation. The main function of the Central Board of Directors of the Reserve Bank is to provide overall direction to the Reserve Bank’s affairs.

Financial Express reported that earlier this year in July, RBI's central board had met in Bengaluru under the chairmanship of the then governer Raghuram Rajan. It reviewed the activities of the board for payment and settlement system for the year ended March 2016 and discussed the draft annual report for 2015-16. The board met in the city after a span of seven years.

First Published: Tue, October 18 2016. 16:07 IST