The Reserve Bank of India has appointed Smt. Malvika Sinha as Executive Director (ED) consequent upon appointment of Shri B P Kanungo as Deputy Governor on April 03, 2017. Smt. Malvika Sinha took charge on April 03, 2017.

As Executive Director Smt. Sinha will look after Foreign Exchange Department, Department of Government and Bank Accounts and Internal Debt Management Department.

Smt. Malvika Sinha holds a Masters Degree from University of Bombay and has done her Masters in Public Administration. She is also a Certificated Associate of Indian Institute of Bankers.

Smt. Sinha joined Reserve Bank in 1982 and as a career central banker served in the areas of regulation and supervision, foreign exchange and Government and Bank Accounts in the Bank. Prior to being promoted as ED,

The Reserve Bank of India has appointed Smt. Surekha Marandi as Executive Director (ED) consequent upon superannuation of Shri U.S. Paliwal who retired on December 31, 2016. Smt. Marandi took charge on January 2, 2017.

As Executive Director Smt. Marandi will look after Consumer Education and Protection Department, Financial Inclusion and Development Department and Secretary’s Department. She has also served on the Boards of United Bank of India and Bank of Baroda.

Prior to being promoted as ED, Smt. Marandi was Principal Chief General Manager and Chief Vigilance Officer in the Reserve Bank. Smt. Marandi has, over a span of three decades, served in regulatory and supervisory, financial inclusion and development and human resource management areas in the Reserve Bank. Smt. Marandi holds a Master’s Degree from Jadhavpur University

The Reserve Bank of India has appointed Shri M. Rajeshwar Rao as the Executive Director consequent upon Shri G. Mahalingam taking voluntary retirement from the Reserve Bank. As Executive Director, Shri Rajeshwar Rao will look after Department of Statistics and Information Management, Financial Markets Operation Department and International Department. Prior to taking over as the Executive Director, Shri Rajeshwar Rao was the Chief General Manager, Financial Markets Operations Department.

Shri Rajeshwar Rao has a Bachelor of Arts in Economics and a Master of Business Administration from University of Cochin. He is also a Certificated Associate of Indian Institute of Bankers.

Shri Rajeshwar Rao joined the Reserve Bank in 1984 and as career central banker has exposure in various aspects of central bank functioning. He has previously held charge of the Risk Monitoring Department. He has also worked as the Banking Ombudsman, New Delhi and in the Reserve Bank’s regional offices at Ahmedabad, Hyderabad, Chennai and New Delhi.

Shri Sudarshan Sen has taken over as the new Executive Director at the Reserve Bank of India today. He will look after Department of Banking Regulation, Department of Co-operative Banking Regulation and Department of Non-Banking Regulation.

Shri Sen, a career central banker who has long association with bank supervision and regulation, was in charge of the Department of Banking Regulation before taking over as Executive Director. He has also been Regional Director of Ahmedabad office of the Reserve Bank.

Shri Sudarshan Sen holds an MBA in International Banking and Finance from the University of Birmingham, UK. He also holds a master’s degree in Mathematics from the University of Delhi.

Shri B. P. Kanungo has taken over as the new Executive Director at the Reserve Bank of India today. He will look after Foreign Exchange Department, Department of Government and Bank Accounts and Internal Debt Management Department.

A career central banker, Shri Kanungo was in charge of Foreign Exchange Department before taking over as Executive Director. Earlier, he has also held positions of Regional Director at Jaipur and Kolkata Regional Offices of the Reserve Bank and has been the Banking Ombudsman for Madhya Pradesh and Chhattisgarh.

Shri B. P. Kanungo, a post graduate in Arts, is a Certified Associate of Indian Institute of Bankers. He also holds a degree in Law (LLB).

Shri Deepak Singhal has taken over as the new Executive Director at the Reserve Bank of India today, November 2, 2015. He will look after Central Security Cell, Corporate Strategy and Budget Department, Department of Corporate Services, Human Resource Management Department (including HR Operations Unit), Rajbhasha Department and Right to Information Act Division.

Shri K. K. Vohra, Executive Director, who was earlier looking after these Departments will now look after the Deposit Insurance and Credit Guarantee Corporation (DICGC).

The portfolios of other Executive Directors remain unchanged.

Prior to his appointment as Executive Director, Shri Deepak Singhal was the Regional Director in-charge of Reserve Bank of India, New Delhi. He has also earlier headed Department of Banking Operations and Development, Human Resource Development Department and Premises Department at Central Office of Reserve Bank of India and Reserve Bank of India Office at Belapur, Navi Mumbai.

Shri Deepak Singhal holds a Master degree in Management and is a Certificated Associate of Indian Institute of Bankers. He graduated from Allahabad University with Economics as a subject of study.

Smt. Meena Hemchandra has taken over as the new Executive Director at the Reserve Bank of India today. She will look after Department of Banking Supervision, Department of Co-operative Banking Supervision and Department of Non-Banking Supervision.

Shri Chandan Sinha, Executive Director who was earlier looking after these Departments will now look after Department of Information Technology, Department of Payment and Settlement Systems, Foreign Exchange Department and Financial Markets Regulation Department (including Market Intelligence).

The portfolios of other Executive Directors remain unchanged.

Prior to her appointment as Executive Director, Smt. Hemchandra was in charge of Department of Banking Supervision. She has also been the Principal of the Reserve Bank’s College of Agricultural Banking, Pune. Her earlier experience also includes Department of External Investment and Operations that manages the country’s reserves and Foreign Exchange Department.

A Chartered Financial Analyst (CFA) from the Institute of Chartered Financial Analysts of India (ICFAI), Smt. Hemchandra also holds a post graduate degree in Economics.