RBI Appoints Charulatha S Kar as Executive Director

The Reserve Bank of India (RBI) has appointed Smt. Charulatha S Kar as Executive Director (ED), effective from July 1, 2024. Previously serving as Chief General Manager-in-Charge in the Human Resource Management Department, she brings over three decades of experience in various roles including Payment and Settlement Systems, Information Technology, and Government Banking. Smt. Kar has represented the RBI in several international forums and committees.

Responsibilities and Expertise

As Executive Director, Smt. Kar will oversee the Department of Communication, Human Resource Management Department, and serve as the Right to Information (First Appellate Authority). She holds a post-graduate degree in commerce from the University of Mumbai, a Diploma in Treasury & Forex Management, and is a Certified Associate of IIBF.

Background of Other Appointments

Alongside Smt. Kar, the RBI also appointed Arnab Kumar Chowdhury as Executive Director effective from June 3, 2024. Chowdhury, previously Chief General Manager-in-Charge in the Department of Supervision, brings extensive experience in financial entity supervision and corporate strategy. His responsibilities include oversight of Deposit Insurance and Credit Guarantee Corporation, the foreign exchange department, and the international department.

Educational and Professional Background

Chowdhury, a chartered accountant with a master’s degree in economics, has been instrumental in policy formulation and has served on numerous RBI committees and working groups. His career spans over three decades within the RBI, focusing on budgeting, accounting, and strategic financial oversight.