The RBI has appointed Ajay Kumar Choudhary and Dr. Deepak Kumar as Executive Directors with effect from January 3, 2022. Prior to being promoted, Choudhary was chief general manager-in-charge, department of supervision, and Dr. Kumar was heading the department of information technology of the RBI.
As ED, Choudhary will look after the fintech, risk monitoring, and inspection departments. Choudhary, with a master’s degree in physics and being a CAIIB, has, over a span of three decades, served in supervision, regulation, currency management, payments and settlements, and other areas in the Reserve Bank, in its central as well as regional offices.
As ED, Dr. Kumar will look after the foreign exchange and communication departments as well as the Deposit Insurance and Credit Guarantee Corporation. Dr. Kumar, a postgraduate diploma holder in international marketing and being a CAIIB, holds a Ph.D. on the subject ‘Impact of computerisation on the banking industry during the nineties – an evaluation’. Dr. Kumar has, over a span of three decades, worked in RBI’s central office departments covering policy making and project management functions in the areas of information technology, cybersecurity, payment systems, currency management, human resource management, banking supervision, and foreign exchange management.