The Reserve Financial institution on Monday mentioned the federal government has appointed Financial Affairs Secretary Ajay Seth on the central financial institution’s board. Seth replaces Tarun Bajaj, who was appointed as Income Secretary earlier this month.
A 1987-batch Karnataka cadre IAS officer, Seth assumed cost of the Division of Financial Affairs final week. “The Central Authorities has nominated Ajay Seth, Secretary, Division of Financial Affairs, Ministry of Finance, Authorities of India as a Director on the Central Board of Reserve Financial institution of India vice Tarun Bajaj,” the RBI mentioned in an announcement.
The nomination of Seth is efficient from April 24, 2021, and till additional orders, it mentioned. Along with the Financial Affairs Secretary, the opposite authorities nominee director on the central board is Monetary Companies Secretary Debasish Panda.