Uma Shankar appointed as new Executive Director of RBI

Uma Shankar has been appointed as the new Executive Director of Reserve Bank of India (RBI). She has been elevated after Meena Hemchandra the executive director in charge of the central bank’s supervision department retired at the end of November. Currently, RBI has 11 EDs and each of them supervises the 34 departments headed by CGMs at the central bank. Prior to this post, Shankar was the chief general manager in charge of RBI’s financial inclusion & development department.