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Mumbai: The Central Government has nominated Swaminathan Gurumurthy and Satish Kashinath Marathe as directors of the Central Board of the Reserve Bank of India for a period of four years with effect from August 7, 2018 or until further orders.’

These nominations have been done under the powers conferred by clause (c) of the sub-section (1) of Section 8 of the Reserve Bank of India Act, 1934.

Gurumurthy is the co-convenor of the Swadeshi Jagaran Manch, formed in 1991. It deals with economic issues, promotes self-reliance and is affiliated to the Rshtriya Swayam Sevak Sangh (RSS).