The Reserve Bank of India has appointed M. Rajeshwar Rao as executive director. He takes over from G. Mahalingam, who has taken voluntary retirement from the central bank. Rao will look after the departments of statistics and information management, financial markets operations and international banking. He was CGM in the financial markets operations department. An economics graduate and a MBA, he is also a CAIIB. He joined RBI in 1984 and as career central banker has exposure in various aspects of central bank functioning. He was earlier in charge of risk monitoring department and has also worked as the Banking Ombudsman, New Delhi and in RBI’s regional offices at Ahmedabad, Hyderabad, Chennai and New Delhi.
