The Reserve Bank of India (RBI) has announced the appointment of Shri R. Lakshmi Kanth Rao as Executive Director (ED) with effect from May 10, 2024.
Shri Rao, in his role as Executive Director, will oversee the Deposit Insurance and Credit Guarantee Corporation, manage responsibilities related to the Right to Information Act (FAA), and supervise the Department of Communication.
Prior to being promoted to the Executive Director, he was serving as Chief General Manager-in-Charge in the Department of Regulation.
Shri Rao has experience of over three decades in the Reserve Bank having worked in the areas of Regulation of Banks and NBFCs, Supervision of Banks and Consumer Protection.
He had served as Banking Ombudsman at RBI Chennai and as Regional Director of Uttar Pradesh at Lucknow. He has also served as a member of several Committees and Working Groups and has been contributing to policy formulation.
Shri Rao is a graduate in commerce. He holds a master’s degree in Business Administration (Finance) from Sri Venkateswara University, Tirupati and Diploma in TIRM (IIBF). He is also a Certified Associate of IIBF.
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