The RBI Central board is a forum for discussions and not a decision making body. However, policy decisions are likely to go through the body.

Along with S Gurumurthy, founder of the Non-Governmental Organisation (NGO) Sahakar Bharati, Sathish Marathe has also been appointed as a director of the RBI central board. Sahakar Bharati is an RSS-affiliated NGO that works to support cooperatives in India.

Sathish Marathe has earlier served as a chairman of The United Western Bank Ltd. Currently he is serving as board member of Thane Bharat Sahakari Bank Ltd. and Rajkot Nagarik Sahkari Bank Ltd. In his youth, Marathe was associated with the Akhil Bharat Vidyarthi Parishad (ABVP) and has served as the ABVP’s treasurer for four years.