 "RBI appoints R Lakshmi Kanth Rao as executive director effective May 10")
The Reserve Bank of India (RBI) on Friday appointed R Lakshmi Kanth Rao as executive director (ED) with effect from May 10, 2024, according to the regulator’s press release.
As executive director, Rao will handle the Deposit Insurance and Credit Guarantee Corporation (DICGC), the Right to Information Act (FAA), and the Department of Communication.
Rao was previously serving as chief general manager in charge in the Department of Regulation.
He has over 30 years of experience at the RBI and has worked in several areas, including regulation of banks and non-banking financial companies (NBFCs), supervision of banks, and consumer protection. He also served as a banking ombudsman at RBI Chennai and as regional director of Uttar Pradesh in Lucknow.
Rao has served as a member of several committees and working groups and has contributed to policy formulation.
He is a commerce graduate and also holds a master’s degree in business administration (finance) from Sri Venkateswara University, Tirupati, and a diploma in TIRM (IIBF). He is also a certified associate of the IIBF.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%