RBI Appoints Three New Executive Directors

The Reserve Bank of India (RBI) has appointed three new executive directors. The number of executive directors has now gone up to 11. It has also restructured some banking regulation departments.

M D Patra, principal advisor in the monetary policy department, has been promoted to the post of executive director. He will be the head of the monetary policy department and the department of economic policy and research. Prior to this, both these departments were under Executive Director D Mohanty, who will now oversee the financial stability unit and the inspection and risk monitoring department.

K K Vohra and G Mahalingam are the other new executive directors.