RBI appoints Shri R. Lakshmi Kanth Rao as new Executive Director

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Summary:

The Reserve Bank of India (RBI) has appointed Shri R. Lakshmi Kanth Rao as its new Executive Director (ED) with effect from May 10, 2024. Rao, a veteran of over three decades at RBI, was previously serving as Chief General Manager-in-Charge in the Department of Regulation. As ED, he will oversee three key areas: Deposit Insurance and Credit Guarantee Corporation, Right to Information Act (RTI), and Department of Communication. Rao holds a master's degree in Business Administration (Finance) from Sri Venkateswara University and is a Certified Associate of IIBF.