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The Reserve Bank of India (RBI) has appointed Shri R. Lakshmi Kanth Rao as Executive Director (ED) with effect from May 10, 2024. Prior to being promoted as ED, Shri Rao was serving as Chief General Manager-in-Charge in the Department of Regulation. Shri Rao has experience of over three decades in the Reserve Bank having worked in the areas of Regulation of Banks and NBFCs, Supervision of Banks and Consumer Protection. He had served as Banking Ombudsman at RBI Chennai and as Regional D
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FAQ :
Shri R. Lakshmi Kanth Rao has been appointed as the new Executive Director of the Reserve Bank of India.
His appointment took effect from May 10, 2024.
Before his promotion, Shri Rao was serving as Chief General Manager-in-Charge in the Department of Regulation.
Shri Rao has experience in Regulation of Banks and NBFCs, Supervision of Banks, and Consumer Protection.
As Executive Director, Shri Rao will look after the Deposit Insurance and Credit Guarantee Corporation, the Right to Information Act (FAA), and the Department of Communication.
Shri Rao is a graduate in commerce, holds a master’s degree in Business Administration (Finance), and has a Diploma in TIRM (IIBF). He is also a Certified Associate of IIBF.
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