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Friday, Aug 12, 2005

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RBI board meets

Our Bureau

Mumbai , Aug 11

THE Central Board of Directors of the Reserve Bank of India on Thursday approved payment of Rs 5,400 crore dividend to the Government of India for the year ended June 30, said a press release from the RBI.

The meeting chaired by the RBI Governor, Mr Y.V. Reddy, reviewed key economic, monetary and financial developments. The central board members Mr Y.H. Malegam, Prof Mihir Rakshit, Mr D.S. Brar, Mr Ratan Tata, Dr Amrita Patel, Mr K.P. Singh, Mr K. Madhava Rao, Prof V.S. Vyas, Mr H.P. Ranina, Mr N.R. Narayana Murthy, Mr Suresh Krishna, Dr Ashok Ganguly and the Government nominee, Mr Ashok K. Jha attended.

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