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Rabi Mishra named RBI executive director, to supervise new regulatory cadre

Mishra was principal chief general manager of the bank's risk management department

Anup Roy  |  Mumbai 

Liquidity management tool: RBI may have to balance old norms with the new

The (RBI) has promoted Rabi N Mishra as the central bank’s executive director (ED), after the position fell vacant on Rosemary Sebastian’s retirement, sources said.

Mishra was principal chief general manager of the bank’s management department. As ED, Mishra would be looking after the newly-created specialised supervisory and regulatory cadre within the

The creation of the cadre was decided at the central board meet in Chennai on May 21. The other departments that Mishra will be supervising include cooperative and the non-banking financial companies, sources said.

The central bank has 12 EDs, including the chief financial officers. Five chief general managers have been selected to be promoted for the position of ED, as these fall vacant in the year. Mishra’s appointment was the first of those five.

First Published: Sat, June 15 2019. 02:03 IST