RBI has appointed two new executive directors from July 2024.

The Reserve Bank of India (RBI) has announced the appointment of two new executive directors – Charulatha S Kar has been appointed as executive director (ED) with effect from July 1, while Arnab Kumar Chowdhury has been appointed as ED with effect from June 3, 2024. Chowdhury will oversee the Deposit Insurance and Credit Guarantee Corporation (DICGC), foreign exchange and international divisions.

On the other hand, Kar will be responsible for the Communications Department, Human Resources Management Department and the Right to Information (First Appellate Body).

Kar has a postgraduate diploma in commerce from the University of Mumbai and a diploma in treasury and foreign exchange management. He is also a certified associate of the Indian Institute of Banking and Finance (IIBF).

Chowdhury is a Chartered Accountant with a Masters in Economics and a Certified Associate of IIBF. He has over three decades of experience with the Reserve Bank of India and has held various senior positions.

Prior to his appointment as Executive Director, Chowdhury served as Director General in charge of the Supervision Department.

On the other hand, Kar served as Chief General Manager-in-Charge of the Human Resource Management Department. They have successfully represented the Reserve Bank in various working groups and have extensive experience in policy formulation.