RBI appoints R. Lakshmi Kanth Rao as Executive Director
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New Delhi: The Reserve Bank of India (RBI) has appointed Shri R. Lakshmi Kanth Rao as Executive Director (ED) with effect from May 10, 2024.
Before 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.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYHe had served as Banking Ombudsman at RBI Chennai and as Regional Director of Uttar Pradesh at Lucknow. He has also served as a member of several Committees and Working Groups and has been contributing to policy formulation.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsAs Executive Director, Shri Rao will look after Deposit lnsurance and Credit Guarantee Corporation, Right to lnformation Act (FAA), and Department of Communication.
Shri Rao is a graduate in commerce. He holds a master’s degree in Business Administration (Finance) from Sri Venkateswara University, Tirupati and Diploma in TIRM (IIBF). He is also a Certified Associate of IIBF.
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