New Executive Director of the Reserve Bank of India

• The Reserve Bank of India (RBI) has appointed Monisha Chakraborty as Executive Director, effective August 3, 2026.

• In her new role, she will head the Foreign Exchange Department and the Financial Markets Regulation Department.

• The position of Executive Director at the RBI plays a pivotal role in the functioning of the central bank's policies, regulatory frameworks, and administrative operations.

• Prior to this appointment, Monisha Chakraborty served as the Chief General Manager-in-Charge of the Department of Supervision.

• She possesses over three decades of experience at the Reserve Bank of India.

• Throughout her long tenure, she has handled responsibilities across various critical areas, including banking supervision, foreign exchange management, and the handling of government and bank accounts.

• Given her extensive experience in the financial sector and her regulatory expertise, she has been entrusted with the responsibility of leading two key departments of the central bank.

• Effective management of foreign exchange and the regulation of financial markets are considered crucial for maintaining the country's financial stability, the strength of the banking system, and market confidence.