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624<sup>th</sup> Meeting of Central Board of the Reserve Bank of India

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Government scheme — a structured programme with defined beneficiaries, budget allocation, and delivery mechanisms. The primary instrument for delivering welfare and development outcomes.

Summary

The 624th meeting of the Central Board of Directors of Reserve Bank of India was held today in Chennai under the Chairmanship of Shri Sanjay Malhotra, Governor. The Board in its meeting reviewed the current economic situation, global and domestic challenges including risks to the economic outlook. The Board also reviewed various areas of operations of the Reserve Bank including the functioning of its Committees and the Ombudsman Scheme. Deputy Governors Shri Swaminathan J., Dr. Poonam Gupta, Shr

Key Facts

TypeScheme

SourceReserve Bank of India

PublishedFriday, 21 August 2026

Affected Population~350 million BPL population, 140 million elderly

Key Numbers

PM-JAY: 55 crore beneficiaries

MGNREGA: Rs 86,000 crore annual outlay

NSAP pensions: 3 crore beneficiaries

20 million central + state government employees

Key Authorities

Key Stakeholders

Government Context

NDA IIIBJP-led NDA

Centre-Right

LeftCentreRight

Amendment History

1 change recorded for this policy.

DescriptionMonday, 24 August 2026via rbi

The 624th meeting of the Central Board of Directors of Reserve Bank of India was held today in Chennai under the Chairmanship of Shri Sanjay Malhotra, Governor. The Board in its meeting reviewed the current economic situation, global and domestic challenges including risks to the economic outlook. The Board also reviewed various areas of operations of the Reserve Bank including the functioning of its Committees and the Ombudsman Scheme. Deputy Governors Shri Swaminathan J., Dr. Poonam Gupta, Shr

The Central Government has appointed Shri Janmejaya Kumar Sinha, Shri Syed Akbaruddin and Ms. Annie George Mathew as part-time, Non-official Directors on the Central Board of Reserve Bank of India for a period of four years with effect from August 24, 2026 or until further orders, whichever is earlier. (Brij Raj) Chief General Manager Press Release: 2026-2027/960

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