The Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as Executive Director, effective from May 10, 2024. Rao was previously serving as the Chief General Manager-in-Charge in the Department of Regulation.
With over three decades of experience within the RBI, overseeing areas such as Regulation of Banks and NBFCs, Supervision of Banks, and Consumer Protection. His extensive background also includes roles such as Banking Ombudsman at RBI Chennai and Regional Director of Uttar Pradesh at Lucknow.
Rao’s contributions extend beyond operational roles; he has actively participated in policy formulation as a member of various Committees and Working Groups. In his new capacity as Executive Director, Rao will take charge of critical areas including the Deposit Insurance and Credit Guarantee Corporation, the Right to Information Act (RTI), and the Department of Communication.
He holds a graduate degree in commerce, a master’s degree in Business Administration (Finance) from Sri Venkateswara University, Tirupati, and a Diploma in Treasury Investment & Risk Management (TIRM) from the Indian Institute of Banking & Finance (IIBF). He is also a Certified Associate of IIBF.
