Azim Premji, chairman of Wipro [Get Quote], and Kumar Mangalam Birla, head of the A V Birla Group, have been nominated as members of the central board of the Reserve Bank of India [Get Quote].

They are replacing Ratan Tata, chairman of Tata group and N R Narayana Murthy, chairman & chief mentor of Infosys Technologies [Get Quote], who retired as directors of the central board of RBI.

Both Tata and Narayana Murthy were members of the board since 2000.

The government, while reconstituting the RBI central board with effect from June 27, has re-nominated Y H Malegam, chartered accountant, H P Ranina, Supreme Court advocate and A S Ganguly, member of investment commission and knowledge commission and chairman of ICICI [Get Quote] OneSource.