Sanjay Lohiya Nominated to RBI Central Board

On June 11, 2026, the Central Government nominated Sanjay Lohiya, Secretary of the Department of Financial Services (Ministry of Finance), as a director on the RBI Central Board. He replaced Nagaraju Maddirala. The RBI Central Board is the apex governing body under the RBI Act, 1934. The Department of Financial Services oversees banking, insurance, and pension sectors. This nomination strengthens government representation in the central bank’s decision-making process.