RBI appoints Charulatha S. Kar as Executive Director

The Reserve Bank of India (RBI) has appointed Smt. Charulatha S Kar as Executive Director (ED), with effect from July 1, 2024. Previously serving as Chief General Manager-in-Charge, Human Resources Management, she brings over three decades of experience in various capacities, including Payment & Settlement Systems, Information Technology and Government Banking. Smt. Kar has represented RBI on several international forums and committees.

Responsibilities and expertise

As Executive Director, Smt. Kar will oversee the Department of Communication, Department of Human Resource Management and will be the Right to Information (First Appellate Authority). He holds a Post Graduate Diploma in Commerce from the University of Mumbai, Diploma in Treasury and Currency Management and is a Certified Associate of IIBF.

Background of other nominations

Apart from Smt. Kar, RBI also appointed Arnab Kumar Chowdhury as Executive Director effective June 3, 2024. Chowdhury, previously Chief General Manager-in Charge of the Department of Supervision, brings extensive experience in financial entity supervision and corporate strategy. His responsibilities include oversight of the Deposit Insurance and Credit Guarantee Corporation, the Foreign Exchange Department and the International Department.

Education and professional experience

A chartered accountant with a master’s degree in economics, Chowdhury has played a key role in policy formulation and has served on numerous committees and working groups of the RBI. His career spans over three decades at the RBI, focusing on budgeting, accounting and strategic financial supervision.