- The Central Government has nominated Sanjay Lohia, Secretary of the Department of Financial Services (DFS) under the Ministry of Finance, as a Director on the Central Board of the Reserve Bank of India (RBI).
- According to the order issued on June 11, 2026, his appointment has come into effect immediately and will remain valid until further orders. He has succeeded Nagaraju Maddirala in this position.
- The RBI's Central Board is the bank's apex decision-making body, providing guidance on critical matters related to monetary policy, banking regulation, and the financial system.
- Consequently, Sanjay Lohia's appointment is viewed as a significant administrative move within the financial sector.
- Sanjay Lohia currently serves as the Secretary of the Department of Financial Services under the Ministry of Finance. This department oversees policies and administrative functions related to banking, insurance, pensions, and other financial institutions.
- It also plays a pivotal role in promoting financial inclusion and strengthening the country's banking system.
- Lohia's experience and expertise as the DFS Secretary are expected to bolster policy-making within the RBI's Central Board.
- His appointment is also expected to enhance coordination between the government and the central bank.
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