The Reserve Bank of India (RBI) has promoted Rabi N. Mishra as executive director (ED), who was earlier holding the position of the Principal Chief General Manager at the central bank’s Risk Management Department.
As per the reports, the cadre was created during the central board meeting held in Chennai on May 21.
Mishra will also supervise other departments including cooperative banks and the non-banking financial companies (NBFCs).
The central bank currently has 12 executive directors, including the chief financial officers.
To fill the position of ED, five chief general managers were selected. However, Mishra’s appointment was the first amongst those five.
Mishra has been serving RBI for about three decades now. He has also been associated with many research papers.