Reserve Bank of India (RBI) has announced the appointment of two new Executive Directors – Charulatha S Kar has been appointed Executive Director (ED) with effect from July 1, while Arnab Kumar Chowdhury has been appointed ED since June 3, 2024. Chowdhury will oversee the Deposit Insurance and Credit Guarantee Corporation (DICGC), foreign exchange, and international departments.

On the other hand, Kar will be responsible for the Department of Communication, Human Resource Management Department, and Right to Information (First Appellate Authority).

Kar has a postgraduate degree in commerce from the University of Mumbai and holds a Diploma in Treasury and Forex management. She is also a Certified Associate of the Indian Institute of Banking and Finance (IIBF).

Chowdhury is a chartered accountant with a master’s degree in economics and a certified associate of IIBF. They have over thirty years of experience in the Reserve Bank of India and have held various important roles.

Before their appointments as executive directors, Chowdhury was the Chief General manager-in-charge of the Department of Supervision.

On the other hand, Kar served as Chief General Manager-in-Charge of the Human Resource Management Department. They have successfully represented the Reserve Bank in various working groups and have extensive experience in policy formulation.