<P> The Central Board of Directors is the main committee of the Central Bank . The Government of India appoints the directors for a 4 - year term . The Board consists of a Governor, and not more than 4 Deputy Governors, 4 Directors to represent the regional boards, 2 from the Ministry of Finance and 10 other directors from various fields . RBI wants to create a post of Chief Operating Officer (COO) and re-allocate work between the five of them (4 Deputy Governor and COO). </P> <P> The bank is headed by the Governor and the post is currently held by economist Urjit Patel . There are 4 Deputy Governors BP Kanungo, SS Mundra, NS Vishwanathan and Viral Acharya . Two of the four Deputy Governors are traditionally from RBI ranks and are selected from the Bank's Executive Directors . One is nominated from among the Chairpersons of public sector banks and the other is an economist . An Indian Administrative Service officer can also be appointed as Deputy Governor of RBI and later as the Governor of RBI as with the case of Y . Venugopal Reddy . Other persons forming part of the central board of directors of the RBI are Dr. Nachiket Mor, YC Deveshwar, Prof Damodar Acharya, Ajay Tyagi and Anjuly Duggal . </P> <P> The RBI has four zonal offices at Chennai, Delhi, Kolkata and Mumbai . It has 19 regional offices and 11 sub-offices . Regional offices are located in Ahmedabad, Bangalore, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kochi, Kolkata, Lucknow, Mumbai, Nagpur, Patna and Thiruvananthapuram and sub-offices are located in Agartala, Aizawal, Dehradun, Gangtok, Imphal, Panaji, Raipur, Ranchi, Shillong, Shimla and Srinagar . </P> <P> The RBI has four regional representations: North in New Delhi, South in Chennai, East in Kolkata and West in Mumbai . The representations are formed by five members, appointed for four years by the central government and with the advice of the Central Board of Directors serve as a forum for regional banks and to deal with delegated tasks from the Central Board . </P>

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