Somanath Panicker Appointed to RBI Central Board

Somanath Panicker Appointed to RBI Central Board

Category: Economy / Banking / Institutions

• The Government appointed former ISRO Chairman S. Somanath as a Part-time, Non-official Director on the Central Board of the RBI.
• Anand Mahindra was re-appointed to the same category.
• Their tenure is four years, effective from 20 August 2026.
• Somanath served as the 10th Chairman of ISRO and Secretary, Department of Space, from January 2022 to January 2025.
• During his tenure, Chandrayaan-3 achieved a soft landing near the lunar south pole in August 2023.

UPSC Focus: RBI Central Board, RBI Act, monetary institutions, ISRO leadership.