RBI appoints M Rajeshwar Rao as new Executive Director

The Reserve Bank of India (RBI) has appointed M Rajeshwar Rao as Executive Director (ED) following voluntary retirement of G Mahalingam.
In his new role, Mr. Rao will look after Department of Statistics and Information Management, Financial markets Operations Department and International Department of the RBI.

About M Rajeshwar Rao

• Rao has a Bachelor of Arts in Economics and a Master of Business Administration (MBA) from University of Cochin. He is also a Certificated Associate of Indian Institute of Bankers.
• He had joined RBI in 1984 and as career central banker has exposure in various aspects of central bank functioning.
• Prior to his appointment as ED, he was the Chief General Manager (CGM), Financial Markets Operations Department of the RBI.
• Previously, he had held charge of the Risk Monitoring Department of RBI and also had worked as the Banking Ombudsman, New Delhi.

Month: Current Affairs - November, 2016