The Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as Executive Director (ED) with effect from May 10, 2024.

• Prior to being promoted as ED, Rao was serving as Chief General Manager-in-Charge in the Department of Regulation.
• 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.
• As Executive Director, Rao will look after 1. Deposit lnsurance and Credit Guarantee Corporation, 2. Right to lnformation Act (FAA), 3. Department of Communication.